just answer please Your company is considering a new project that will require $

Question

just answer please

Your company is considering a new project that will require $935,000 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 $155,000 using straight-line depreciation. The cost of capital is 16 percent, and the firm's tax rate is 35 percent. Estimate the present value of the tax benefits from depreciation. (Do not round intermediate calculations and round your final answer to 2 decimal places. Omit the "$" sign in your response.)

Explanation / Answer

NPV of tax benefit=131947.11

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