Grove Media plans to acquire production equipment for $820,000 that will be depreciated for tax purposes as follows: year 1, $324,000; year 2, $184,000; and in each of years 3 through 5, $104,000 per year. A 10 percent discount rate is appropriate for this asset, and the companys tax rate is 20 percent. Use Exhibit A.8 and Exhibit A.9. Required: Compute the present value of the tax shield resulting from depreciation. Compute the present value of the tax shield from depreciation assuming straight-line depreciation ($164,000 per year).