Assume the following: EBIT = $6,000,000; Depreciation Expense = $560,000; Interest Expense = $400,000; Tax Rate = 20%. What is the depreciation tax shield? Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit any commas and the $ sign in your response. For example, an answer of $1,000.50 should be entered as 1000.50.