both projects project paper QUESTION 11 You must evaluate the purchase of a proposed technology for the R&D department. The base price is $165,000 and it would cost another $20,000 to modify the equipment for special use by the firm. The equipment will be sold after 3 years for a salvage value of $50,000. The equipment will be depreciated using straight-line depreciation. The equipment requires an $8,000 increase in net operating working capital. The firm's marginal tax rate is 35%. What is the annual depreciation expense? 57,667 38,333 61,667 45,000 none of the available choices 47,667 Mick Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers