Freedom Corporation acquired a fixed asset for $$130,000.$ Its estimated life at time of purchase was $4$ years, with no estimated salvage value. Assume a discount rate of $9\%$ and an income tax rate of $40\%,($Use Exhibit $12\mathrm{.}4.$ ARpendix C$.$ TABLE $1$ and Appendix C$.$ TABL.E $2)$ Required: $1.$ What is the incremental present value of the tax benefits resulting from calculating depreciation using the sum$-$of$-$the$-$years$-$digits $($SYD$)$ method rather than the straight$-$line $($SLN$)$ method on this asset? Use the SYD and SLN functions in Excel to calculate depreciation charges. $2.$ What is the incremental present value of the tax benefits resulting from calculating depreciation using the double$-$declining$-$balance $($DDB$)$ method rather than the straight$-$line $($SLN$)$ method on this asset? Use the SLN and DDB functions in Excel to calculate depreciation charges. $3.$ What is the incremental present value of the tax benefits resulting from using MACRS rather than straight$-$line $($SLN$)$ depreciation? The asset qualifles as a $3-$year asset. Use the half$-$year convention. Complete this question by entering your answers in the tabs below.