Help Save & Exit Your company is considering a new project that will require $250,000 of new equipment at the start of the project. The equipment will have a depreciable life of eight years and will be depreciated to a book value of $10,000 using straight-line depreciation. The cost of capital is 12 percent, and the firm's tax rate is 34 percent. Estimate the present value of the tax benefits from depreciation. Multiple Choice 0 $75,017,54 0 $63,617.52 $50,669.93 0 0 $86,997:13