Charlene is evaluating a capital budgeting project that should last for $4$ years. The project requires $$475,000$ of equipment. She is unsure what depreciation method to use in her analysis, straight$-$line or the $3-$year MACRS accelerated method. Under straight$-$line depreciation, the cost of the equipment would be depreciated evenly over its $4-$year life $($ignore the half$-$year convention for the straight$-$line method$).$ The applicable MACRS depreciation rates are $33\%,45\%,15\%,$ and $7\%.$ The company's WACC is $11\%,$ and its tax rate is $30\%.$

What would the depreciation expense be each year under each method? Round your answers to the nearest cent.

Year Scenario $1$

$($Straight$-$Line$)$ Scenario $2$

$($MACRS$)$

$1$ $

$

$2$

$3$

$4$

Which depreciation method would produce the higher NPV$?$

$-$Select$-$

How much higher would the NPV be under the preferred method? Round your answer to two decimal places. Do not round your intermediate calculations.

$