Mind Challenge, Inc., publishes Innovative science textbooks for public schools. The company's management recently acquired the following two new pleces of equipment. Computer-controlled printing press: cost, $270,000, considered to be Industrial equipment, expected useful life, 12 years. Duplicating equipment to be used in the administrative offices: considered to be office equipment, cost, $60,300; expected useful life, six years. The company uses straight-line depreciation for book purposes and the MACRS accelerated depreciation schedule for tax purposes. The firm's tax rate is 30 percent, its after-tax hurdle rate is 10 percent. Neither machine has any salvage value. Use Appendix A and Exhibit 16-9 for your reference. (Use appropriate factor(s) from the tables provided.) Required: For each of the publishing company's new pleces of equipment: 1. Prepare a schedule of the annual depreciation expenses for book purposes. 2. Determine the appropriate MACRS property class. 3. Prepare a schedule of the annual depreciation expenses for tax purposes. 4. Compute the present value of the depreciation tax shield. Complete this question by entering your answers in the tabs below. Printing Press Office Equipment Prepare a schedule of the annual depreciation expenses for book purposes and determine the appropriate MACRS property class. (Round your "Percentage" answer to 2 decimal places (i.e., .1234 should be entered as 12.34). Round your "Discount factor" to 3 decimal places. Round your final answers to whole dollar.) Year Straight-Line Depreciation for Book Purposes MACRS Depreciation Cash Flow: Tax Savings Discount Factor Present Value 1 996 = 2 96 = 3 96 = 96 = 5 96 = 6 96 = 7 % = 8 %6 = 9 10 11 12 Present value of tax shield