9. a capital expenditure project is proposed that will involve purchasing and installing new equipment the equipment cost will be $20,000 with an additional $10,000 for delivery. installation is estimated to be $8,000 and requires an additional $1,000 working capital incestment. The equipment has an expected life of 7 years and an estimated salvage value of $10,000 the firm has a 25% marginal tax rTe and a 12% weighted average cost of capital. Calcualte the annual change in depreciation for this project assuming simplifief straight line depreciation.

a. 6,785.71 per year

b. none

c. $4000 per yesr

d. $38,000 per year

e. $5,428.57 per year