Depreciation Methods Wendy's boss wants to use straight-line depreciation for the new expansion project because he said it will aive higher net income in earier years and give him o larger bonus, The project will last 4 years and requires $1,760,000 of equipment. The company could use either straight-line of the 3-year MACRS accelerated method. Under straight-line depreciation, the cost of the equipment would be deprecioted evenly over its 4 -year: 7.41\%. The project cost of capitol is 8%, and its tax rate is 25%. a. What would the depreciation expense be each yeor under each method? Enter your answers as postive valueb. Do not round intermediate. calculations. Round your answers to the nearest doliar. b. Which depreciation method would produce the higher NPV, and how much higher would it be? Do not round intermediate caleulations, Round vour answer to the nearest cent. The NPV under Will be higher by $