17. Now consider a different timeline (of D and (BVMV)) values when a three year recovery period is used for these assets: 0 7M 7M 7M 0M -3M 0 1 2 3 4 5 Suppose that a manager wishes to boost nearterm corporate earnings and decides to use a seven year recovery period RP=7 at the top of the page) instead of using a three year recovery period (RP=3) just above. By choosing to use the 7year recovery period and not the 3year recovery period, how much lower would be the PV of tax savings that the firm would derive from these assets? Use an r =5% to discount these ows. Remember you can use the NPV key set to get the PV of each of these timelines, but you then have to factor in the tax rate (I) after you get your answers from hitting the NPV key. Also, please assume that managers are limited they must choose one recovery period and use it for bothnancial and tax Statements. a. $0.55M b. $1.37M C. $1.44M d. $0.58M