Your company is considering a project which will require the purchase of $815,000 in new equipment. The company expects to sell the equipment at the end of the project for 25% of its original cost, but some assets will remain in the CCA class. Annual sales from this project are estimated at $296,000. Initial net working capital equal to 37.00% of sales will be required. All of the net working capital will be recovered at the end of the project. The firm requires a 12.50% return on similar investments. The tax rate is 35%, and the project life is 5 years. There are no other operating expenses. If the equipment is in a 43.00% CCA class, what is the present value of the CCA tax shield?

	$169,163
	$173,614
	$178,066
	$182,518
	$186,969