Your firm is considering a project that would require purchasing 57.7 milion worth of new equipment. Determine the present value of the depreciation tax Shield associated with the equipment if the firm's tax rate is 35%, the appropriate cost of capital is 9%, and the equipment can be depreciated a. Straight-line over a ten-year period, with the first deduction starting in one you b. Straight line over a five-year period, with the first deduction starting in one your c. Using MACRS depreciation with a five-year recovery period and starting immediately d. Fully as an immediato deduction CHO Straight-ine over a year period, with the first deduction starting in one you The present value of the depreciation tax shield associated with the equipment is $3 million (Round the final answer to three decimal places. Round at intermediate values to four decimal places as needed.) b. Straight-ine over a five-year period, wm the frut deduction starting in one year The present value of the depreciation tax shield associated with this equipment is 5 milion (Round the final answer to the decimal places. Round all intermediate values to four decimal places as needed) c. Using MACRS depreciation with a five-year recovery period and starting immediately