Strauss Corporation is making a $85,050 investment in equipment with a 5-year life.The company us...

Strauss Corporation is making a $85,050 investment in equipment
with a 5-year life.The company uses the straight-line method of
depreciation and has a tax rate of 40 percent.The company’s
required rate of return is 13 percent. What is the present value of
the tax savings related to depreciation of the equipment? (Round
present value factor calculations to 4 decimal places, e.g. 1.2151
and final answer to 0 decimal place, e.g. 125.)