A firm is considering a project that will increase sales by $135,000 and cash expenses by $105,000. The project will cost $120,000 and be depreciated using the straight-line method to a zero book value over the 4-year life of the project. The company has a tax rate of 34%. How much taxes will be saved due to depreciation tax shield in year 1? $6,000 $20,000 $13,200 $19,800 $10,200