38. Lori, who is single, purchased 5-year class property for $200,000 and 7-year class property for $420,000 on May 20, 2020. Lori expects the taxable income derived from her business (before considering any amount expensed under $ 179) to be about $550,000. Lori has determined that she should elect immediate & 179 expensing in the amount of $520,000, but she doesn't know which asset she should completely expense under $ 179. She does not claim any available additional first-year depreciation. D) Assume that Lori is in the 24% marginal tax state and Federal income bracket and that she elects 179 for the 7-year asset. Determine the present value of the tax savings from the cost recovery deductions for both assets. See Appendix H for present value factors, and assume a 6% discount rate. E) Assume the same facts as in part (d), except that Lori decides not to use 179 on either asset. Determine the present value of the tax savings under this choice. In addition, determine which option Lori should choose