Markov Manufacturing recently spent $10.1 million to putchase some equipment used in the manifacture of disk dilves The firn expects that this equipment will have a useful the of five years, and its marginal corporate tax rate is 21%. The company plans to use straighttine depreciation a. What is the annual depreciation expense associated with this equipmont? b. What is the annual depreciation tax shield? c. Rather than straight-line depreciation, suppose Markov will use the MACRS depreciation method for the five-year life of the property. Calculate the depreciation tax shield each year for this equipment under this accolerated depreciation schedule d. If Markov has a choice between stralght-tine and MACRS depreciation schedules, and its marginal corporate tax rate is expected to remain constant, which schedule should it choose? Why? e. How might your answer to part (d) change if Markow anticipates that its marginat cocporate tax rate will increase substantially over the next five years? Note Assume that the equipment is put into use in yoar 1 . a. What is the annual depreciation expense associated with this cocipment? The annsal depteciation expense is 1 million. (Round to three docimal places.)