your company is considering a new project that will require 22,000 of new equipment at the start of the project. the equipment will have a depreciable life of 7 years and will be depreciated to a book value of 2,400 using straight line depreciation. The cost of capital is 10%, and the firm's tax rate is 40%. estimate the present value of the tax benefits from depreciation. a. 5453 b 1120 c 1680 d 200