Suppose a firm's tax rate is 35%. a. What effect would a $10.15 million operating expense have on this year's earnings? What effect would it have on next year's earnings? b. What effect would a $9.1 million capital expense have on this year's earnings if the capital expenditure is depreciated at a rate of $1.82 million per year for five years? What effect would it have on next year's earnings? a. What effect would a $10.15 million operating expense have on this year's earnings? What effect would it have on next year's earnings? (Select all the choices that apply.) A. A $10.15 million operating expense would be immediately expensed, increasing operating expenses by $10.15 million. This would lead to a reduction in taxes of 35%$10.15 million =$3.55 million. B. A $10.15 million operating expense would be immediately expensed, increasing operating expenses by $10.15 million. This would lead to an increase in taxes of 35%$10.15 million =$3.55 million. C. Earnings would decline by $10.15 million $3.55 million =$6.6 million. There would be no effect on next year's earnings. D. Earnings would decline by $10.15 million $3.55 million =$6.6 million. The same effect would be seen on next year's earnings