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Rodney has discovered that, for the past three years, his company has been classifying as CCA Class 8 items costing between $200 and $500 that should be in CCA Class 12. If an estimated $10000 of assets per year were misclassified, what is the present worth today of the cost of this mistake? Assume that the mistake can only be corrected for assets bought in the future. Rodney's company pays taxes at 50 percent and its after-tax MARR is 8 percent.
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