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You purchase a machine for $22,000 which belongs in a 30% CCA class. What is the present value of the CCA tax shield on the

You purchase a machine for $22,000 which belongs in a 30% CCA class. What is the present value of the CCA tax shield on the machine if it is sold at the end of the third year for $6,000, your tax rate is 34%, and the appropriate discount rate is 15%?

The answer is $5,623 but I don't get it.

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