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Consider the financial statement data and stock price data for Mydeco Corp Suppose Mydeco had purchased additional equipment for $12 million at the end of

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Consider the financial statement data and stock price data for Mydeco Corp Suppose Mydeco had purchased additional equipment for $12 million at the end of 2015 and this equipment was depreciated by S4 million per year in 2016 2017 and 2018 Given Mydecostax rate of 35% what impact would this additional purchase have had on Mydeco's not incomo in years 2015-2018? (Assume the equipment is paid for out of cash and that mydeco earns no interest on its cash balances) Click the icon to view the financial statement and stock price data Calculate the new net income below (Round to one decimal place) (millions) Year 2016 Net Income S $ Additional Depreciation Tax Savings New Net Income $ $ 1

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