Mind Challenge, |nc., publishes innovative science textbooks for public schools. The company's management recently acquired the following two new pieces of equipment. - Computercontrolled printing press: cost, $282,000; 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, $61,500; 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 aftertax 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 pieces 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. Office Prlntlng Press 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 d Present value of tax shield Office Equipment > Office Equipment Printing Press Prepare a schedule of the annual depreciation expenses for tax purposes and compute the present value of the depreciation tax shield. (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 nal answe to whole dollar.) Present value of tax shield