Question $6(1$ point$)$

It is after January $1,2024.$ Downtown Inc. is currently assessing whether it should purchase a new robotic production line. The new robotic line will cost $$1,780,000$ and last for eight years. The equipment qualifies for a CCA rate of $30\%.$ It also qualifies for the Accelerated Investment Incentive phase$-$out. The company's current cost of capital for this project is $9\%,$ and its income tax rate is $25\%.$

If Downtown decides to purchase the new robotic production line, what is the PV of the CCA tax shield?

a$)$ $$342,308$

b$)$ $$123,231$

c$)$ $$392,647$

d$)$ $$356,440$