Cameron Industries is purchasing a new chemical vapor depositor in order to make silicon chips. It will cost $6 million to buy the machine and $10,000 to have it delivered and installed. The machine is expected to have a working life of six years. Sales are expected to be $3,000,000 per year. If straight-line depreciation is used, what are the yearly depreciation expenses in this case?

$1,500,000

$1,501,667

$1,001,667

$1,000,000