The plant will employ 70 workers and their cost will be 1 million in year 1 and it will increase by 4% annually thereafter. The plants production manager has determined the costs of retooling required to begin production. New flake stamping equipment will cost $26,000,000. The new equipment and storage facilities will be depreciated over 6 years using MACRS rates. The estimated market value of the equipment at the end of the projects 6-year life is $5000,000

1. find depreciation using MACRS