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Crown Point Corporation is making a $105,900 investment in equipment with a 5-year life. The...

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Crown Point Corporation is making a $105,900 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 15 percent. Click here to view factor tables What is the present value of the tax savings related to depreciation of the equipment? (Round present value factor calculations to 4 decimal places, eg. 1.2151 and final answer to O decimal place, eg. 125. Enter negative amounts using either a negative sign preceding the number eg. 45 or parentheses eg. (45).) The present value $

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