Suppose income tax law is changed from straight-line depreciation to accelerated depreciation of plant and equipment, that is, depreciation expense will be higher in the early years of a project, and then lower in the later years of a project (total depreciation over the life of the asset does not change). How will this change in tax law impact the attractiveness of an investment project? The project is more attractive under accelerated depreciation The project is equally attractive under both accelerated and straight-line depreciation Depreciation should be omitted because it is a non-cash charge Depreciation has no impact on the attractiveness of a project The project is less attractive under accelerated depreciation