#3 A firm buys a piece of equipment for $161,279.00 and will straight-line depreciate it to zero over five years. If the tax rate is 37.00%, what is the present value of the depreciation tax shield if the cost of capital is 11.00%? unanswered not_submitted Submit Attempts Remaining: Infinity Answer format: Currency: Round to: 2 decimal places. #4 An asset used in a four-year project falls in the five-year MACRS class for tax purposes. The asset has an acquisition cost of $6,014,807.00 and will be sold for $1,603,226.00 at the end of the project (End of the 4th year). If the tax rate is 35.00%, what is the after-tax salvage value of the asset? unanswered not_submitted Attempts Remaining: Infinity Submit Answer format: Currency: Round to: 2 decimal places