A machine will cost $$755,000.$ After six years of useful life, the machine will have no salvage value. The machine is placed into the $20\%$ CCA asset class and qualifies for the Accelerated Investment Incentive. The company$$s cost of capital is $13\%$ and its income tax rate is $25\%.$ Calculate the present value of its CCA tax shield.

Select one:

a$.$

$$121,921$

b$.$

$$120,974$

c$.$

$$119,715$

d$.$

$$116,035$

e$.$

$$110,511$