Canadian Donuts is looking at a new investment opportunity, which will require the purchase of a capital asset of $1 million and additional raw materials inventory of $50,000. The project is expected to generate operating revenue of $750,000 per year, and the associated operating expenses are estimated at $350,000 per year. The project has a five-year economic life. This capital asset belongs to asset class 8, which has a CCA rate of 20 percent. What is the CCA expense for year 3?