please complete require 3, and give correct answer!!!

Freedom Corporation acquired a fixed asset for $250,000. Its estimated life at time of purchase was 4 years, with no estimated salvage value. Assume a discount rate of 8% and an income tax rate of 40%. (Use Exhibit 12.4, Appendix C, TABLE 1 and Appendix C, TABLE 2.) Required: 1. What is the incremental present value of the tax benefits resulting from calculating depreciation using the sum-of-the-years-digits (SYD) method rather than the straight-line (SLN) method on this asset? Use the SYD and SLN functions in Excel to calculate depreciation charges. 2. What is the incremental present value of the tax benefits resulting from calculating depreciation using the double-declining-balance (DDB) method rather than the straight-line (SLN) method on this asset? Use the SLN and DDB functions in Excel to calculate depreciation charges. 3. What is the incremental present value of the tax benefits resulting from using MACRS rather than straight-line (SLN) depreciation? The asset qualifies as a 3-year asset. Use the half-year convention. X Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 What is the incremental present value of the tax benefits resulting from using MACRS rather than straight-line (SLN) depreciation? The asset qualifies as a 3-year asset. Use the half-year convention. (Negative amount should be indicated by a minus sign. Round your answer to the nearest whole dollar.) Incremental PV of tax savings using MACRS depreciation $ 79,736 EXHIBIT 12.4 MACRS Depreciation Rates Year 3-year 5-year 7-year 10-year 15-year 20-year 1 33.33 20.00 14.29 10.00 5.00 3.75 2 44.45 32.00 24.49 18.00 9.50 7.22 3 14.81 19.20 17.49 14.40 8.55 6.68 7.41 11.52* 12.49 11.52 7.70 6.18 11.52 8.93* 9.22 6.93 5.71 5.76 8.92 7.37 6.23 5.28 8.92 6.55* 5.90* 4.89 4.47 6.55 5.90 4.52 6.56 5.91 4.46* 6.55 5.90 4.46 3.28 etc. etc. *First year of switching to the straight-line method. Source: www.irs.gov/publications/p946/ TABLE 2 Present Value of Annuity of $1 Periods 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 14% 15% 20% 25% 30% 1 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.901 0.893 0.885 0.877 0.870 0.833 0.800 0.769 1.836 1.559 1.333 1.308 1.783 1.759 1.736 1.713 1.690 1.668 1.647 1.626 1.528 1.440 1.361 2.775 2.723 2.673 2.624 2.577 2.531 2.487 2.444 2.402 2.361 2.322 2.283 2.106 1.952 1.816 3.630 3.546 3.465 3.387 3.312 3.240 3.170 3.102 3.037 2.974 2.914 2.855 2.539 2.362 2.166 4.452 4.329 4.212 4.100 3.993 3.590 3.791 3.696 3.605 3.517 3.433 3.352 2.991 2.689 2.436 5.242 5.076 4.917 4.767 4.623 4.486 4.355 4.231 4.111 3.998 3.889 3.784 3.326 2.951 2.643 6.002 5.786 5.582 5.389 5.206 5.033 4.86S 4.712 4.564 4.423 4.255 4.160 3.605 3.161 2.502 3 6.733 6.463 6.210 5.971 5.747 5.535 5.335 5.146 4.968 4.799 4.639 4.487 3.837 3.329 2.925 7.435 7.108 6.802 6.515 6.247 5.995 5.759 5.537 5.328 5.132 4.946 4.772 4.031 3.463 3.019 3.111 7.722 7.360 7.024 6.710 6.413 6.145 5.889 5.650 5.426 5.216 5.019 4.192 3.571 3.092 8.760 5.306 7.887 7.499 7.139 6.505 6.495 6.207 5.938 5.687 5.453 5.234 4.327 3.656 3.147 9.385 9.863 S.384 7.943 7.536 7.161 6.814 6.492 6.194 5.918 5.660 5.421 4.439 3.725 3.190 9.986 9.394 S.553 .358 7.904 7.487 7.103 6.750 6.424 6.122 5.542 5.553 4.533 3.780 3.223 10.563 9.399 9.295 3.745 8.244 7.756 7.367 6.982 6.628 6.302 6.002 5.724 4.611 3.824 3.249 11.118 10.380 9.712 9.108 3.559 .061 7.606 7.191 6.311 6.462 6.142 5.347 4.675 3.359 3.268 16 11.652 10.838 10.106 9.447 S.551 8.313 7.824 7.379 6.974 6.604 6.265 5.954 4.730 3.887 3.283 17 12.166 11.274 10.477 9.763 9.122 S.544 3.022 7.549 7.120 6.729 6.373 6.047 4.775 3.910 3.295 12.659 11.690 10.528 10.059 9.372 5.756 3.201 7.702 7.250 6.840 6.467 6.128 4.812 3.928 3.304 13.134 12.035 11.158 10.336 9.604 9.950 8.365 7.839 7.366 6.938 6.550 6.198 4.543 3.942 3.311 13.590 12.462 11.470 10.594 9.818 9.129 8.514 7.963 7.469 7.025 6.623 6.259 4.870 3.954 3.316 14.451 13.163 12.042 11.061 10.2019.442 3.772 3.176 7.645 7.170 6.743 6.359 4.909 3.970 3.323 24 15.247 13.799 12.550 11.469 10.529 9.707 8.955 8.348 7.784 7.283 6.535 6.434 4.937 3.981 3.327 15.622 14.094 12.783 11.654 10.675 9.523 9.077 3.422 7.843 7.330 6.373 6.464 4.948 3.985 3.329 17.292 15.372 13.765 12.409 11.258 10.274 9.427 8.694 5.055 7.496 7.003 6.566 4.979 3.995 3.332 35 15.665 16.374 14.498 12.948 11.655 10.567 9.644 3.855 3.176 7.586 7.070 6.617 4.992 3.999 3.333 40 19.793 17.159 15.046 13.332 11.925 10.757 9.779 5.951 8.244 7.634 7.105 6.642 4.997 3.999 3.333 TABLE 1 Present Value of $1 Periods 4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 14% 15% 20% 25% 30% 1 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.901 0.893 0.885 0.877 0.870 0.833 0.500 0.769 2 0.925 0.907 0.890 0.873 0.857 0.842 0.826 0.512 0.797 0.783 0.769 0.756 0.694 0.640 0.592 3 0.889 0.864 0.540 0.816 0.794 0.772 0.751 0.731 0.712 0.693 0.675 0.658 0.579 0.512 0.455 0.855 0.823 0.792 0.763 0.735 0.708 0.683 0.659 0.636 0.613 0.592 0.572 0.452 0.410 0.350 0.322 0.784 0.747 0.713 0.681 0.650 0.621 0.593 0.567 0.543 0.519 0.497 0.402 0.328 0.269 0.790 0.746 0.705 0.666 0.630 0.596 0.564 0.535 0.507 0.480 0.456 0.432 0.335 0.262 0.207 7 0.760 0.711 0.665 0.623 0.583 0.547 0.513 0.482 0.452 0.425 0.400 0.376 0.279 0.210 0.159 S 0.731 0.677 0.627 0.552 0.540 0.502 0.467 0.434 0.404 0.376 0.351 0.327 0.233 0.163 0.123 9 0.703 0.645 0.592 0.544 0.500 0.460 0.424 0.391 0.361 0.333 0.308 0.284 0.194 0.134 0.094 10 0.676 0.614 0.558 0.508 0.463 0.422 0.386 0.352 0.322 0.295 0.270 0.247 0.162 0.107 0.073 11 0.650 0.585 0.527 0.475 0.429 0.388 0.350 0.317 0.287 0.261 0.237 0.215 0.135 0.056 0.056 12 0.625 0.557 0.497 0.444 0.397 0.356 0.319 0.286 0.257 0.231 0.208 0.187 0.112 0.069 0.043 13 0.601 0.530 0.469 0.415 0.368 0.326 0.290 0.25% 0.229 0.204 0.182 0.163 0.093 0.055 0.033 0.577 0.505 0.442 0.388 0.340 0.299 0.263 0.232 0.205 0.151 0.160 0.141 0.078 0.044 0.025 0.555 0.481 0.417 0.362 0.315 0.275 0.239 0.209 0.183 0.160 0.140 0.123 0.065 0.035 0.020 16 0.534 0.458 0.394 0.339 0.292 0.252 0.218 0.18 0.163 0.141 0.123 0.107 0.054 0.028 0.015 0.513 0.436 0.371 0.317 0.270 0.231 0.198 0.170 0.146 0.125 0.105 0.093 0.045 0.023 0.012 18 0.494 0.416 0.350 0.296 0.250 0.212 0.130 0.153 0.130 0.111 0.095 0.081 0.035 0.018 0.009 0.475 0.396 0.331 0.277 0.232 0.194 0.164 0.138 0.116 0.098 0.033 0.070 0.031 0.014 0.007 0.456 0.377 0.312 0.25% 0.215 0.178 0.149 0.124 0.104 0.087 0.073 0.061 0.026 0.012 0.005 22 0.422 0.342 0.278 0.226 0.134 0.150 0.123 0.101 0.053 0.068 0.056 0.046 0.018 0.007 0.003 0.390 0.310 0.247 0.197 0.15 0.126 0.102 0.082 0.066 0.053 0.043 0.035 0.013 0.005 0.002 0.375 0.295 0.233 0.134 0.146 0.116 0.092 0.074 0.059 0.047 0.035 0.030 0.010 0.004 0.001 30 0.308 0.231 0.174 0.131 0.099 0.075 0.057 0.044 0.033 0.026 0.020 0.015 0.004 0.001 0.000 35 0.253 0.181 0.130 0.094 0.068 0.049 0.036 0.026 0.019 0.014 0.010 0.003 0.002 0.000 0.000 40 0.205 0.142 0.097 0.067 0.046 0.032 0.022 0.015 0.011 0.005 0.005 0.004 0.001 0.000 0.000