TB MC Qu. 12-3 Your Company is considering a new project that will require... Your Company is considering a new project that will require $640,000 of new equipment at the start of the project. The equipment will have a depreciable the of 3 years and will be depreciated to a book value of $208,000 using straight-line depreciation. The cost of capital is 12%, and the firm's tax rate is 21% Estimate the present value of the tax benefits from depreciation: Multiple Choice $11.340 $54,000 $54,48 542060