Question: Your company is considering a new project that will require $912,000 of new equipment at the start of the project The equipment will have a

Your company is considering a new project that will require $912,000 of new equipment at the start of the project The equipment will have a depreclable iffe of 10 years and will be depreclated to a book value of $142,000 using straight-line deprectation. Nelther bonus depreciation nor Section 179 expensing will be used. The cost of capltal is 13 percent, and the firm's tax rate is 21 percent. Estimate the present value of the tax benefins from deprectation. (Round your answer to 2 decimal places.)

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