Your Company is considering a new project that will require $510,000 of new equipment at the start of the project. The equipment will have a depreciable life of 9 years and will be depreciated to a book value of $141,000 using straight-line depreciation. The cost of capital is 10%, and the firm's tax rate is 21%. Estimate the present value of the tax benefits from depreciation. Multiple Choice $32,390 O O $41,000 $8.610 O O $49,585