Question: Your company has decided to produce a new line of electronics. You estimate that revenue from sales of this new product will equal $45,750,000. The plant and equipment (new fixed assets) needed to manufacture this product costs $26,800,000 and will be depreciated on a straight-line basis to $0 over the six year project. Additional manufacturing costs to produce the electronics would total $18,550,000 each year. The tax rate is 10%. Sketch a simplified income statement to answer questions 1 - 4. What is the firm's depreciation each year of this project? Group of answer choices $7,558,333.33 $8,000,000.00 $3,091,666.67 $4,466,666.67