Question: Giving the five-year MACRS schedule shown above and answer question (11) to (12). MACRS Year 0 Year 1 Year 2 Year 3 Year 4 Year

Giving the five-year MACRS schedule shown above and answer question (11)

Giving the five-year MACRS schedule shown above and answer question (11) to (12). MACRS Year 0 Year 1 Year 2 Year 3 Year 4 Year 5 Depreation rate 20.00% 32.00% 19.20% 11.52% 11.52% 5.76% 3M invests $4,000 to set up a new facility using the five-year MACRS. If 3M's marginal corporate tax rate is 40%. then what is the value of the depreciation tax shield on the company's new facility in Year 2

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