4. Camdo, Inc. purchases new equipment (5-year MACRS property), at a cost of $500,000 on March 1,2022 . It is on a calendar year basis and purchases a new machine (7-year MACRS property) on December 27, 2022, at a cost of $790,000. Camdo wants to maximize its deductions and has business income for 2022 of $1,000,000 (before any $179 deduction). How much can Camdo claim in maximum total deductions for 2022 ? (Ignore any inflation adjustments). a. $500,000 b. $790,000 c. $1,000,000 d. $1,020,000 e. None of the above