See Table 2.5, showing financial statement data and stock price data for Mydeco Corp. Suppose Mydeco had purchased additional equipment for $12.7 million at the end of 2020, and this equipment was depreciated by $4.2 million per year in 2021, 2022, and 2023. Given Mydeco's tax rate of 30%, what impact would this additional purchase have had on Mydeco's net income in years 2020 to 2023? (Assume the equipment is paid for out of cash and that Mydeco earns no interest on its cash balances.) (millions) Calculate the new net income below: (Round to one decimal place.) Net Income Additional Depreciation Tax Savings New Net Income 2022 $ GA $ $ SA 3 69 $ SA 69 $ GA .... E 2023 $ EA SA SA EA 2020 $ 69 SA Time Remaining: 01:39:44 2021 Next

See Table 2.5, , showing financial statement data and stock price data for Mydeco Corp. Suppose Mydeco had purchased additional equipment for $12.7 million at the end of 2020 , and this equipment was depreciated by $4.2 million per year in 2021,2022 , and 2023 . Given Mydeco's tax rate of 30%, what impact would this additional purchase have had on Mydeco's net income in years 2020 to 2023? (Assume the equipment is paid for out of cash and that Mydeco earns no interest on its cash balances.) Calculate the new net income below: (Round to one decimal place.) (1) Time Remaining: 01:39:44 See Table 2.5, , showing financial statement data and stock price data for Mydeco Corp. Suppose Mydeco had purchased additional equipment for $12.7 million at the end of 2020 , and this equipment was depreciated by $4.2 million per year in 2021,2022 , and 2023 . Given Mydeco's tax rate of 30%, what impact would this additional purchase have had on Mydeco's net income in years 2020 to 2023? (Assume the equipment is paid for out of cash and that Mydeco earns no interest on its cash balances.) Calculate the new net income below: (Round to one decimal place.) (1) Time Remaining: 01:39:44