The Bаkerfield Cоmpаny purchаsed the current line оf equipment fоr $5 Million 3 years ago. It has a salvage value of 1 million and a useful life when purchased was 8 years. It is being depreciated as 7 year MACRS asset. IF the 7 year MACRS table values is: YR Deprec Rate 1 14.3% 2 24.5 3 17.5 4 12.5 5 8.9 6 8.9 7 8.9 8 4.5 A. What is the depreciation expense for this equipment for each of the next two years (years 4 and 5)? B. What is the book value today? (show the calculations) C. If you could sell this asset today for $2.5 Million, and the tax rate is 24%, what would the "sell the old net of tax" value be when calculating the Initial Outlay for a proposed investment?