Question: $229,211 Question 18 Peter Pontificator is proposing to purchase a paddle machine, which will cost $5 million, last ten years and have a salvage value

$229,211 Question 18 Peter Pontificator is proposing to purchase a paddle machine, which will cost $5 million, last ten years and have a salvage value of $80,000, Given a tax rate of 21%, and a cost of capital of 8%: What is the present value of the tax shield if straight-line depreciation is used? $600,000 $643,234 $745,671 O $693 286 None of the above

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