Question: Your company is considering a new project that will require $250,000 of new equipment at the start of the project. The equipment will have a

Your company is considering a new project that will require $250,000 of new equipment at the start of the project. The equipment will have a depreciable life of eight years and will be depreciated to a book value of $10,000 using straight-line depreciationt The cost of capital is 12 percent, and the firm's tax rate is 21 percent. Estimate the present value of the tax benefits from depreciation Multiple Choice 0 $63,618 0 $31,295 0 $117733 O $86,997

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