Your compary has been doing well, reaching $1,17 mition in earnings, and is considering launching a new product Designing the new product has already cost $480,000. The comparty estimales that it will sell 804,000 uniks per yoar for $3,08 per unit and variable non-lobor costs will be $1.05 per unit. Production will end ather yoar 3 . New equipment costing $1.09 milion will be required. The equipment will be depreciated to zero using the 7-year MACAS schedule. You plan to sell the equipment for book value at the end of year 3 . Your current level of working capial is $306,000. The new product wil require the working capiesi to increase to a level of $381,000 immediately, then to $393,000 in year 1 , in year 2 the level will be $343,000, and finally in year 3 the lovet wil retum to $306,000. Your tax rate is 21%. The didcount rate for this project is 9,6%. Do the capital budgeting analyis for this project and calculate ins Nov. Note: Assume that the equipment is put into woe in year 1 . Desigh aready happened and is (melevant). (Select trom the drop-down mena) According to the 7-year MACRS schedule, depreciation in year 1 will be ? (Round to the nearest dollar) Depreciation in year 2 wil be 1 (Round to the nearest dollar) Depreciation in year 3 wil be $ (Round to the nearest dollar)