Question 31 2.5 pts Your company is considering a new project that will require $10,000 of new equipment at the start of the project. The equipment will have a depreciable life of five years and will be depreciated to a book value of zero using straight-line depreciation. The cost of capital (discount rate) is 20 percent, and the firm's tax rate is 20 percent. Estimate the present value of the tax benefits from depreciation $ 1,564 $ 1,196 $ 758 1,536