3. 12.33 ConocoPhillips alkylation processes are licensed to produce high-octane, low-sulphur blend stocks domestically and internationally. Halliburton Industries has newly licensed alkylation equipment costing $1 million per system at its Moscow, Houston, and Abu Dhabi refinery service operations. Russia requires a 10-year, straight line recovery with a 10% salvage value. The United States allows a 7-year MACRS recovery with no salvage considered. The United Arab Emirates allows a 7-year recovery with switching from DDB to SL method and no salvage considered. Which of the country’s methods has the largest PW of depreciation at i = 15% per year?