Grove Media plans to acquire production equipment for $807,500 that will be depreciated for tax purposes as follows: year 1 . $321,500; year 2,$181,500; and in each of years 3 through 5,$101,500 per year. A 10 percent discount rate is appropriate for this asset, and the company's tax rate is 20 percent. Use Exhibit A.8 and Exhibil A.9. Required: a. Compute the present value of the tax shield resulting from depreciation. b. Compute the present value of the tax shield from depreciation assuming straight-line depreciation (\$161,500 per year). Complete this question by entering your answers in the tabs below. Compute the present value of the tax shield resulting from depreciation. Note: Round PV factor to 3 decimal places. Grove Media plans to acquire production equipment for $807,500 that will be depreciated for tax purposes as follows: year 1 , $321,500; year 2, $181,500; and in each of years 3 through 5,$101,500 per year. A 10 percent discount rate is appropriate for this asset, and the company's tax rate is 20 percent. Use Exhibit A.8 and Exhibit.A.9. Required: a. Compute the present value of the tax shield resulting from depreciation. b. Compute the present value of the tax shield from depreciation assuming straight-line depreciation (\$161,500 per year). Complete this question by entering your answers in the tabs below. Compute the present value of the tax shield from depreciation assuming straight-line depreciation ($161,500 per year). Note: Round PV factor to 3 decimal places