Question: An asset falls into a CCA class which has a maximum CCA rate of 23%. The cost of the asset was $205,200. The firm's

An asset falls into a CCA class which has a maximum CCA rate of 23%. The cost of the asset was $205,200. The firm's tax rate is 37% and its cost of capital is 15%. It is expected that the asset will be worth $24,500 when it will be sold in year 6. The present value (as of time 0) of the tax shield lost from CCA when the asset is sold will be closest to $

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