Suppose a firm's tax rate is 35%. a. What effect would a $9.83 million operating expense have on this year's earnings? What effect would it have on next year's earnings? b. What effect would an $8.45 million capital expense have on this year's earnings if the capital is depreciated at a rate of $1.69 million per year for five years? What effect would it have on next year's earnings? *** a. What effect would a $9.83 million operating expense have on this year's earnings? Earnings would increase (decline) by $ million.