A company has EBIT of $8,000,000, depreciation expense of $700,000, and interest expense of $900,000. Assume the tax rates 35%. What is the depreciation tax shield? Do not found intermediate calculations. Round the final answer to 2 decimal places Omit any commes and the sign in your response. For example, an answer of 5100050 should be entered as 100050 Numeric Response