dont forget to solve for the totals

Problem 6-18 Depreciation and project NPV Suppose that Sudbury Mechanical Drifters is proposing to invest $10.7 million in a new factory. It can depreciate this investment straight-line over 10 years. The tax rate is 40%, and the discount rate is 12%. a. What is the present value of Sudbury's depreciation tax shields? (Enter your answers in millions rounded to 1 decimal place.) Straight-line Schedule Total Year 1 $ 1.1 $ 0.4 $ 0.4 Straight-line, 10-year Tax Shields at 40% TC PV (Tax Shields) at 12% Year 2 $ 1.1 $ 0.4 $ 0.3 Year 3 $ 1.1 $ 0.4 $ 0.3 Year 4 $ 1.1 $ 0.4 $ 0.3 Year 5 $ 1.1 $ 0.4 $ 0.2 Answer is not complete. Year Year Year 6 7 8 $ 1.1 $ 1.1 $ 1.1 $ 0.4 $ 0.4 $ 0.4 $ 0.2 $ 0.2 $ 0.2 Year 9 $ 1.1 $ 0.4 $ 0.2 Year 10 $ 1.1 $ 0.4 $ 0.1 b. Suppose that the government allows companies to use double-declining-balance depreciation with the option to switch at any point to straight-line. Now what is the present value of the depreciation tax shields? (Enter your answers in millions rounded to 1 decimal place.) & Answer is not complete. Year Yos Year Year Double decline Schedule Year 3 Year 9 Year 10 Total 2 6 Start of Year Book Value Depreciation Tax Shields at 40% To PV (Tax Shields) at 12% $ 10.7 $ 8.6 $ 2.1 $ 1.7 $ 0.9 $ 0.7 $ 0.9 $ $ 0.8 $ 6.8 $ 1.4 $ 0.5 $ 0.7 Year Year 4 5 $ 5.5 $ 4.4 $ 1.1 $ 0.9 $ 0.4 $ 0.4 $ 0.6 $ 0.6 $ 3.5 $ 0.7 $ 0.3 $ 0.5 Year 7 8 $ 2.8 $ 2.2 X $ 1.8 X $ 1.4 $ 0.6 X $ 0.4 X $ 0.4 X $ 0.3% $ 0.3 $ 0.3 $ 0.3 $ 0.3 $ 0.5 $ 0.4 * $ 0.4 $ 0.3% Problem 6-18 Depreciation and project NPV Suppose that Sudbury Mechanical Drifters is proposing to invest $10.7 million in a new factory. It can depreciate this investment straight-line over 10 years. The tax rate is 40%, and the discount rate is 12%. a. What is the present value of Sudbury's depreciation tax shields? (Enter your answers in millions rounded to 1 decimal place.) Straight-line Schedule Total Year 1 $ 1.1 $ 0.4 $ 0.4 Straight-line, 10-year Tax Shields at 40% TC PV (Tax Shields) at 12% Year 2 $ 1.1 $ 0.4 $ 0.3 Year 3 $ 1.1 $ 0.4 $ 0.3 Year 4 $ 1.1 $ 0.4 $ 0.3 Year 5 $ 1.1 $ 0.4 $ 0.2 Answer is not complete. Year Year Year 6 7 8 $ 1.1 $ 1.1 $ 1.1 $ 0.4 $ 0.4 $ 0.4 $ 0.2 $ 0.2 $ 0.2 Year 9 $ 1.1 $ 0.4 $ 0.2 Year 10 $ 1.1 $ 0.4 $ 0.1 b. Suppose that the government allows companies to use double-declining-balance depreciation with the option to switch at any point to straight-line. Now what is the present value of the depreciation tax shields? (Enter your answers in millions rounded to 1 decimal place.) & Answer is not complete. Year Yos Year Year Double decline Schedule Year 3 Year 9 Year 10 Total 2 6 Start of Year Book Value Depreciation Tax Shields at 40% To PV (Tax Shields) at 12% $ 10.7 $ 8.6 $ 2.1 $ 1.7 $ 0.9 $ 0.7 $ 0.9 $ $ 0.8 $ 6.8 $ 1.4 $ 0.5 $ 0.7 Year Year 4 5 $ 5.5 $ 4.4 $ 1.1 $ 0.9 $ 0.4 $ 0.4 $ 0.6 $ 0.6 $ 3.5 $ 0.7 $ 0.3 $ 0.5 Year 7 8 $ 2.8 $ 2.2 X $ 1.8 X $ 1.4 $ 0.6 X $ 0.4 X $ 0.4 X $ 0.3% $ 0.3 $ 0.3 $ 0.3 $ 0.3 $ 0.5 $ 0.4 * $ 0.4 $ 0.3%