1 Nm You are interested in purchasing a business. Current owner of the business is asking $750,000. You estimated that you can borrow a 15-year term loan at 5% interest. You expect 18% return from this project. Current owner opened up the books and you estimated future cash flows. You also estimated that you would be able to sell the business for about $1,100,000 at the end of year 10. Year EBITDA 75,000 2 78,000 3 81,000 4 84,000 5 87,000 6 92,000 7 97,000 8 102,000 9 107,000 10 112,000 You will use double declining (200%) balance depreciation method to depreciate total value of the assets, which is $750,000. Assets have 30-year useful life and no salvage value. What will be the first year's annual depreciation (choose the closest answer)? Select one: a. 50,000 b. 25,000 c. 43,750 d. 37,500