Your Company is considering a new project that will require $520,000 of new equipment at the start of the project. The equipment will have a depreciable life of 8 years and will be depreciated to a book value of $184,000 using straight-line depreciation. The cost of capital is 11%, and the firm's tax rate is 21%. Estimate the present value of the tax benefits from depreciation. Multiple Choice 20 O $45,389 5 $8,820 $33180 $42.000