c. Now suppose that Congress changed the tax law such that, instead of doubling Berndt's depreciation, it was reduced it by 50%. How would profit and net cash flow be affected? -Select- I. If depreciation were halved, taxable income, taxes, and net cash flow would all decline. II. If depreciation were halved, taxable income and net cash flow would rise but taxes would fall. III. If depreciation were halved, taxable income and taxes would rise but net cash flow would fall. IV. If depreciation were halved, taxable income, taxes, and net cash flow would all rise. V. If depreciation were halved, taxable income and taxes would decline but net cash flow would rise