What was the present worth at the beginning of fiscal 1999 of the company's savings due to CCA over the two-year period if the corporate tax rate was 25% and the interest rate was 10%?
a) $500,000
b) $750,000
c) $1,000,000
d) $1,250,000
a) $500,000
b) $750,000
c) $1,000,000
d) $1,250,000