33. Hercules Exercise Equipment Co. purchased a computerized measuring device two years ago for $58,000. The equipment falls into the five-year category for MACRS depreciation and can currently be sold for $24,800. A new piece of equipment will cost $148,000. It also falls into the five-year category for MACRS depreciation. Assume the new equipment would provide the following stream of added cost savings for the next six years: Year 1 2 3 Cost Savings $62,000 54,000 52,000 50,000 47,000 36,000 4 The firm's tax rate is 35 percent and the cost of capital is 12 percent. What is the net cost of the new equipment? (Include the inflow from the sale of the old equipment.) f. Determine the depreciation schedule for the new equipment. Determine the depreciation schedule for the remaining years of the old equipment h. Determine the incremental depreciation between the old and new equipment and the related tax shield benefits