Question: See Table 2 . 5 , LOADING... , showing financial statement data and stock price data for MydecoMydeco Corp. Suppose MydecoMydeco had purchased additional equipment

See Table 2.5, LOADING... , showing financial statement data and stock price data for MydecoMydeco Corp. Suppose MydecoMydeco had purchased additional equipment for $12.312.3 million at the end of 20202020, and this equipment was depreciated by $4.14.1 million per year in 20212021,20222022, and 20232023. Given MydecoMydeco's tax rate of 30%30%, what impact would this additional purchase have had on MydecoMydeco's net income in years 20202020 to 20232023?(Assume the equipment is paid for out of cash and that MydecoMydeco earns no interest on its cash balances.)Question content area bottomPart 1Calculate the new net income below:(Round to one decimal place.)(millions)2020Net Income$ Additional Depreciation$ Tax Savings$ New Net Income$

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