Your company is considering a new project that will require $100,000 of new equipment at the start of the project. The e

[answerhappygod]

Your company is considering a new project that will require
$100,000 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 $25,000 using straight-line
depreciation. The cost of capital is 11 percent, and the firm's tax
rate is 21 percent. Estimate the present value of the tax benefits
from depreciation.
A)16,997
b)9276
c)34,894
d)44,169