$1.$ LFC Co has a $31$ December year$-$end and pays corporation tax at a rate of $30\%,12$ months after the end of the year to which the cash flows relate. It can claim tax allowable depreciation at a rate of $25\%$ reducing balance. It pays $$1$m for a machine on $31$ December $20$X$4.$ LFC Co's cost of capital is $10\%.$ What is the present value on $31$ December of the benefit of the first portion of tax allowable depreciation? $(2$ points$)$ o $$250,000$ o $$227,250$ o $$68,175$ o $$75,000$