Suppose that Sudbury Mechanical Drifters is proposing to invest $110 million in a new factory. It can depreciate this investment straight line over 10 years. The tax rate is 40%, and the discount rate is 10% a. What is the present value of Sudbury's depreciation tax shields? (Enter your answers in millions rounded to 1 decimal place.) Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year Year 10 Total Straight-line Schedule Straight-line, 10 year Tax Shields at 40% TC PV (Tax Shields) at 10% b. Suppose that the government allows companies to use double declining balance depreciation with the option to switch at any point to straight-line Now what is the present value of the depreciation tax shields? (Enter your answers in millions rounded to 1 decimal place.) Double decline Schedule Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year Year Year 9 Year 10 Total Start of Year Book Value Depreciation Tax Shields at 40% TC PV (Tax Shields) at 1096 ictiver Wine c. What would be the present value of the tax shield if the government allowed Sudbury to write-off the factory immediately? (Enter your answer in millions rounded to 1 decimal place.) Percent value of depreciation tax sholds