Sharpe Machining Company purchased industrial tools costing $210,000, which fall in the 3-year property class under MACRS. Use Appendix A and Exhibit 16-9 for your reference. Calculate the present value of the depreciation tax shield under each depreciation method listed in requirement 1. Sharpe Machining Companys after-tax hurdle rate is 14 percent, and the firms tax rate is 30 percent