Your firm has just purchased a piece of equipment for $6 000 000. Based on past information you believe that you can sell the equipment for $180 000 when you are done with it in 12 years. Pretend that the sale will not lead to capital gain / loss and the asset pool will remain open. The company's marginal tax rate is 35%, the applicable CCA rate is 28% and the required return on the project is 12%. What is the total present value of the CCA tax shield this equipment will bring

Please show your work without using a financial calculator

A) 1,391,250.01

B) 1,680,006

C) 1,379,930.63

D) 1,362,951.57

E) 1,402,569.37