Southport Company is considering the purchase of a piece of equipment that costs $110,400. The equipment would be depreciated on a straight-line basis to its expected salvage value of $5,900 over its 10-year useful life. Assuming a tax rate of 40%, what is the annual amount of the depreciation tax shield provided by this investment? Multiple Choice 0 $10,450 0 $6,270 0 $4,180 0 C) None of these answers is correct