Your Company is considering a new project that will last 10 years and will require $100,000 of new equipment at the start of the project. The new equipment purchased will also have a depreciable life of 10 years and will be depreciated to a book value of $15,000 using straight-line depreciation. The cost of capital is 10%, and the firm's tax rate is 32%. Estimate the present value of the tax benefits from the straight line depreciation method. O $16.713 $35,516 $38,017 $52,229