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Please help with the answer. Your firm is considering a project that would require purchasing $7.5 million worth of new equipment. Determine the present value

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Your firm is considering a project that would require purchasing $7.5 million worth of new equipment. Determine the present value of the depreciation tax shield associated with this equipment if the firm's tax rate is 40%, the appropriate cost of capital is 8%, and the equipment can be depreciated Fully as an immediate deduction. Please express your answer in million

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