Given initial investment of $500,000, project life of 5 years, salvage of $50,000, CCA rate of 20%, tax rate of 40%, and required return of 15%, what...

 Given initial investment of $500,000, project life of 5 years, salvage of $50,000, CCA rate of 20%, tax rate of 40%, and required return of 15%, what is the undepreciated cost of capital at the end of Year 3? Remember to use the half-year rule.