Lori, who is single, purchased 5-year class property for $200,000 and 7-year class property for $410,000 on May 20, 2017. Lori expects the taxable income derived from her business (without regard to the amount expensed under 179) to be about $800,000. Lori wants to elect immediate 179 expensing, but she doesnt know which asset she should expense under 179. She does not claim any available additional first-year depreciation. a. Determine Loris total cost recovery deduction if the 179 expense is first taken with respect to the 5-year class asset. b. Determine Loris 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 25% marginal tax bracket and that she uses 179 on the 7-year asset. Determine the present value of the tax savings from the depre- ciation deductions for both assets. See Appendix G for present value factors, and assume a 6% discount rate. e. Assume the same facts as in part (d), except that Lori decides not to use 179 on either asset. What is the present value of the tax savings generated by using the 179 deduction on the 7-year asset?