An oil company is buying a semi-submersible oil rig for $15 million. Additionally, it will cost$3 million to move the oil rig to the oil-field and to prepare it for operations. If it is depreciated over five years using straight-line depreciation, what are the yearly depreciation expenses in this case?

$3.3 million

$3.0 million

$3.8 million

$3.6 million