September Company is considering the purchase of an asset that will produce $147,780 in before tax cash flows at the end of one year. The cash flows are expected to grow at the anticipated 4% rate of inflation forever. September's real required rate of return is 11% and its relevant income tax rate is 30%. Assume that straight-line depreciation amounted to $165,000 per year for eight years. What is the present value of the tax savings attributable to the depreciation deductions (the "t D's") using your choice of either (a) nominal dollars and the nominal rate or (b) real dollars and the real rate? Specify which method you chose and why. September Company is considering the purchase of an asset that will produce $147,780 in before tax cash flows at the end of one year. The cash flows are expected to grow at the anticipated 4% rate of inflation forever. September's real required rate of return is 11% and its relevant income tax rate is 30%. Assume that straight-line depreciation amounted to $165,000 per year for eight years. What is the present value of the tax savings attributable to the depreciation deductions (the "t D's") using your choice of either (a) nominal dollars and the nominal rate or (b) real dollars and the real rate? Specify which method you chose and why