Daily Enterprises is purchasing a $10.2 million machine. It will cost $46,000 to transport and install the machine. The machine has a depreciable lie of five years, is using straight-line depreciation, and will have no salvage value. The machine will generate incremental revenues of $4.4 million per year along with incremental costs of $1.1 million per year. Daily's marginal tax rate is 35%. You are forecasting incremental free cash flows for Daily Enterprises. If Daily Enterprises decides to use MACRS instead of straight-line depreciation, how would the incremental free cash flows associated with the new machine change? The incremental cash flows would increase in years 0 and 1, as the accelerated depreciation schedule would give Daily Enterprises a higher tax shield during those two years n years 2 through 5, the incremental free cash flows would be lower, since the depreciation expenses in these years are lower than 20%. Overall, the present value of the free cash flows would increase under a MACRS depreciation schedule." Is the above statement true or false? (Select from the drop-down menu.)