Spherical Manufacturing recently spent $12 milion to purchase some equipment used in the manufacture of disk drives. This equipment has a CCA of 30% and Spherical margral comporte tax rate 31 What are the annual CCA deduction sociated with this equipment for the first five years? b. What are the annual CCA tash for the first five years? c. What is the present value of the first five CCA hide the appropriate discount rate is 12% per year? d. What is the present value of all the CCA lax Shields assuming the equiment is never sold and the appropriate discount rate is 12% per year? Q. How might your answer to partid change i Spherical anticipates that its marginal corporate tax rate will increase substantially over the next five years