A firm plans to buy an equipment worth $ $1,000,000$ in $5$ years MARCS class life. The depreciation rate is $20\%,32\%,19\mathrm{.}2\%,11\mathrm{.}52\%,11\mathrm{.}52\%$ and $5\mathrm{.}76\%$ from year $1$ to year $6.$ The firm is in $30\%$ tax bracket, at $5\%$ discount rate what is the present value of tax savings?