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Question: Bling enterprises is contemplating the purchase of a $1 million piece of equipment. The equipment is eligible for a CCA rate of 30%, the company's tax rate is 40% and their discount rate is 12%. What is the present value of the tax savings that this equipment would create? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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