Your company is considering a new project that will require $$1$ million of new equipment at the start of the project. The equipment will have a depreciable life of $10$ years and will be depreciated to a book value of $$150,000$ using straight$-$line depreciation. Neither bonus depreciation nor Section $179$ expensing will be used. The cost of capital is $13$ percent, and the firm$$s tax rate is $21$ percent. Estimate the present value of the tax benefits from depreciation. You must use the built$-$in Excel function to answer this question. All answers should be displayed as positive numbers. What is the built in Excel funcion for Present Value? The formula given to me before did not give the correct answer of $=$$$96858.$