You purchase an asset for $12,000,000. This asset has a 3 year class life. The company's WACC is 8% and the appropriate tax rate is 40%. Under MACRS depreciation, today's value (.e. the present value) of the tax shield generated by this asset over its life will be greater than or equal but less than Assume the asset will be kept until it is fully depreciated. Select to 711 the range that contains the correct answer. $0: $3.50 million $3.50 million; $4.00 million O $4.00 million; $4.50 million O $4.50 million; $5.00 million O $5.00 million; $infinity 1 pts