1. Your company is going to build a styrene plant in Alabama. The land cost $800K, the process (ISBL) cost $9.6 MM to build and the supporting infrastructure (OSBL) cost $2.2 MM to build. Your company has $87 million in revenue each year overall, and will net an additional $5 million in annual revenue from the styrene plant. Assume you spent all that capital at once and you will pay 21% tax on your income. What is the simple pre-tax ROI of this plant? Using the MACRS method and a 5- year recovery period, how much less income tax will you pay due to the depreciation benefit in year 5 of the plant's operation