Question: Handley Corporation is making a $ 93,650 investment in equipment with S-year life. The company uses the straight-line method of depreciation and has a

Handley Corporation is making a $ 93,650 investment in equipment with S-year life. The company uses the straight-line method of depreciation and has a tax rate of 20 percent. The companVs required rate of return is IS percent. Click here to view factor tables What is the present value of the tax savings related to depreciation of the equipment? (Round present valin factrcalculations to 4 decirna I places, e.g. 1.2151 and fir-MI answer to O decirnal phce, e.g. 125 Enter nqative amounts using either a negative sign preceding the number eg -45 Or e.g. (45'.) The present value

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