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Seeing Red has a new project that will require fixed assets of $887,000, which will be depreciated on a 5 -year MACRS schedule. The annual depreciation percentages are 20.00 percent, 32.00 percent, 19.20 percent, 11.52 percent, and 11.52 percent. respectively. The company has a tax rate of 34 percent. What is the depreciation tax shield for Year 3 ? $34.742 557,903 560316 $50.263 $96,506