Question: A new machine will cost $500,000 . It is in a CCA class pool that uses a declining balance rate of 30 % . The

A new machine will cost $500,000 . It is in a CCA class pool that uses a declining balance rate of 30 % . The company's tax rate is 40% and it requires a 15 % rate of return on investments. Calculate the present value of the cash savings from the CCA for the first year assuming the savings occur at year end.

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