EXERCISE 9-5. Using Present Value Tables What is the present value of $ 1 00 received at the end of five years if the required return is 10 percent (answer using Table 1 in Appendix B, Present Value of $1 Due in n Periods)?

method of depreciation and has a tax rate of 40 percent. The company's required rate of return is 10 percent.
Required What is the present value of the tax savings related to depreciation of the equipment?