ittovely deduction D. for 2024. 0.2,3,9 Lori, who is single, purchased 5-year class property for $200,000 and 7-year class property for $420,000 on May 20, 2018Lori expects the able income derived from her business (without regard to the amount expensed under 179) to be about $550,000. Lori has determined that she should elect imme- 41 De Cr axa Co te $ 179 expensing in the amount of $520,000, but she doesn't know which asset she should completely expense under $ 179. She does not claim any available addi- tional first-year depreciation. Determine Lori's total cost recovery deduction if the s 179 expense is first taken with respect to the 5-year class asset. b. Determine Lori's total cost recovery deduction if the $179 expense is first taken with respect to the 7-year class asset. c. What is your advice to Lori? d. Assume that Lori is in the 24% marginal tax bracket and that she uses 179 on the 7-year asset. Determine the present value of the tax savings from the depreciation deductions for both assets. See Appendix G for present value fac- tors, and assume a 6% discount rate. e. Assume the same facts as in part (d), except that Lori decides not to use S 179 on either asset. Determine the present value of the tax savings under this choice. In addition, determine which option Lori should choose