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What is the present value of the tax savings

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Problem 1: Steering Corporation is making a $89,400 investment in equipment with a 5-year life. The company uses the straight-line method of depreciation and has a tax rate of 20 percent. The company's required rate of return is 11 percent. What is the present value of the tax savings related to depreciation of the equipment?

Reference no: EM132962205

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