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A year ago
The depreciation tax shield for the Sisyphean Corporation's project in the first year is closest to:
A) $8000
B) $3500
C) $2800
D) $5200
Textbook 
Corporate Finance: The Core
Edition: 4th
Authors:
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A year ago
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B
Explanation:  B) Depreciation tax shield = depreciation × τc = (30,000/3) × .35 = $3500
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