Suppose you are given the following information: Corporate Tax rate: 30% Team revenue: $20 million Team expenditure on players:$8 million Total team expenditure: \$15 million You work for this franchise and are asked to estimate the taxes that will be due this year(assume the only tax is the corporate tax on revenue) . How much is due in taxes if there is no player depreciation? How much is due if we assume players depreciate 25% this year?