Please I need the excel formula!

$-$Your company is considering a new project that will require $$1$ million of new equipment at the start of the project. The equipment will have a depreciable life of $10$ years and will be depreciated to a book value of $$150,000$ using straight$-$line depreciation. Neither bonus depreciation nor Section $179$ expensing will be used. The cost of capital is $13$ percent, and the firm$$s tax rate is $21$ percent. Estimate the present value of the tax benefits from depreciation.

New equipment cost $$1,000,000$

Life $10$

Book value $$150,000$

Cost of capital $13\%$

Tax rate $21\%$

Present value $\_\_\_\_\_$