USE THE PV FUNCTION IN THE FOLLOWING: show pv formula in excel please!!!!!!

Your company is considering a new project that will require $$1$ million of new equipment at the start of the project. The equipment will have a depreciable life of $10$ years and will be depreciated to a book value of $$150,000$ using straight$-$line depreciation. Neither bonus depreciation nor Section $179$ expensing will be used. The cost of capital is $13$ percent, and the firm's tax rate is $21$ percent. Estimate the present value of the tax benefits from depreciation.

You must use the built$-$in Excel function to answer this question. All answers should be displayed as positive numbers.

Input area:

$\backslash$table$[[$New equipment cost,$$1,000,000$