Help with the incorrect ones please.

Problem 16-48 MACRS Depreciation Present Value of Tax Shield (Section 2) (LO 16-4, 16-5) Mind Challenge, Inc., publishes innovative science textbooks for public schools. The company's management recently acquired the following two new pieces of equipment. Computer-controlled printing press: cost, $282,000, considered to be industrial equipment expected useful life, 12 years. Duplicating equipment to be used in the administrative offices: considered to be office equipment cost, $61,500, expected useful life, six years. The company uses straight-line depreciation for book purposes and the MACRS accelerated depreciation schedule for tax purposes The firm's tax rate is 30 percent; its after tax hurdle rate is 10 percent. Neither machine has any salvage value Use Appendix A and Exhibit 16:9 for your reference. (Use appropriate factor(s) from the tables provided) Required: For each of the publishing company's new pieces of equipment: 1. Prepare a schedule of the annual depreciation expenses for book purposes 2. Determine the appropriate MACRS property class. 3. Prepare a schedule of the annual depreciation expenses for tax purposes. 4. Compute the present value of the depreciation tax shield Required: For each of the publishing company's new pieces of equipment 1. Prepare a schedule of the annual depreciation expenses for book purposes. 2. Determine the appropriate MACRS property class 3. Prepare a schedule of the annual depreciation expenses for tax purposes. 4. Compute the present value of the depreciation tax shield Answer is not complete. Complete this question by entering your answers in the tabs below. Office Printing Press Equipment Prepare a schedule of the annual depreciation expenses for book purposes and determine the appropriate MACRS property class. (Round yo answer to 2 decimal places (l.c., 1234 should be entered as 12.34). Round your "Discount factor" to 3 decimal places. Round your final ans dollar.) MACRS Depreciation Discount Factor X Straight-Line Year Depreciation for Book Purposes 1 $ 23,500 $ 282,000 x 2 23,500 282,000 x 3 23,500 282,000 4 23,500 282,000 X 5 23.500 282,000 6 23,500 282,000x 7 23,500 282,000x 8 23,500 282,000 x 9 23,500 10 23,500 11 23,500 12 23.500 Present value of tax shield 14.29 % 24.49% 17.49% 12.49 % 8.93% 8.92 % 8.93% 4.46 % 40,298 69,062 49,322 35,222 25,183 25,154 25,183 12,577 Cash Flow: Tax Savings $ 5,040 13,6698 7,7478 3,517 505X 496 X 505X (3.277) X 0.909 0.826 0.751 0.683 0.621 0.564 0.513 Present Value s 4,581 11.291 5,818 2,402 314 280 259 OOOO 0.467 OOOOOO Printing Pr Office Equipment > Complete this question by entering your answers in the tabs below. Office Printing Press Equipment Prepare a schedule of the annual depreciation expenses for tax purposes and compute the present value of the depreciation tax shield. (Round your "Percentage" answer to 2 decimal places (.e, 1234 should be entered as 12,34). Round your "Discount factor to 3 decimal places. Round your final answers to whole dollar) MACRS Depreciation Cash Flow: Tax Savings Discount Factor Present Value S Straight-Line Depreciation Year for Book Purposes 1 $ 10,250 2 10,250 3 10.250 4 10.250 10.250 6 10,250 Present value of tax shold 9,276 2,337 351 51,500 61,500 x 61,500X 61,500 61,500X 61,500X 20.00% 32.00% 19.20% 11.52% 11.52% 5.76% 12,300 19.680 11,808 7085 7.085 3,542 10.205 2.829 4673 (050) 3 (050) (2,012) 3 0.909S 0.820 0.751 0.683 0.621 0.564