#5 5 A piece of newly purchased industrial equipment costs $929,380.00 and is classified as a seven-year property under MACRS. What is the book value of this piece of equipment at the end of year 3? Submit Answer format: Currency: Round to: 2 decimal places. #6 6 A firm buys a piece of equipment for $119,508.00 and will depreciate using the 3-year MACRS schedule. If the tax rate is 40.00%, what is the present value of the depreciation tax shield if the cost of capital is 11.00%? Submit Answer format: Currency: Round to: 2 decimal places