TB MC Qu. 12-6 Your Company is considering a new project that will require... Your Company is considering a new project that will require $740,000 of new equipment at the start of the project. The equipment will have a depreciable life of 6 years and will be deprecated to a book value of 5128,000 using straight-line depreciation The cost of capital is 17%, and the firm's tax rate is 21%. Estimate the present value of the tax benefits from depreciation Mumtole Choice 50061 521420 $8.50 $107.000