Fido, Inc. (from Problem 2) has decided to pursue the Doggie Umbrella project. Their initial investment in capital equipment is $5.8 million and they expect revenue of $2.4 million per year over the 10-year life of the project. They estimates the salvage value of the equipment to be $0.8 million at the end of that 10-year period. Determine the book value of their capital equipment at the end of Year 3 using (a) straight-line depreciation and (b) MACRS depreciation