Alberta Hideaways is considering a new project whose data are shown below. The equipment has a 5-year life. This equipment falls into a class with a CCA rate of 25% and would have zero salvage value. Other data is as follows. What is the present value of CCA tax shield?

WACC	12.0%
Equipment cost	$90,000
Sales revenues each year	$60,000
Cash operating costs each year	$25,000
Tax rate	40.0%

		$23,021
		$25,800
		$23,402
		$24,324