Spherical Marufacturing recently spent $11 million to purchase some equipment used in the manufacture of dink drives. This equipment has a CCA rate of 25% and Spherical's marpinal corporate toxpre is 38%. a. What are the annual CCA deductions associated with this equipenent for the fint fhe years? b. What are the annual CCA tax shields for the first five years? c. What is the present value of the first five CCA tax shieids if the appropriale discount rate is 12% per year? d. What is the present value of all the CCA tax shiebls assuming the equiment is never sold and the appecopriate discount rate is 12% per year? e. How might your answer to part (d) change if Spherical anticipates that its marginal corporste tax rate will increase substantialy over the next five years? a. What are the anrival CCA deductions associated with this equipment for the fint five years? The CCA deduction for year 1 is 1 (Round to the nearest dollae)