Clay LLC placed in service machinery and equipment (seven-year property) with a basis of $3,450,000 on June 6,2023 . Assume that Clay has sufficient income to avoid any limitations. Calculate the maximum depreciation expense including $179 expensing (ignoring any possible bonus depreciation). (Use MACRS Table 1.) Note: Round final answer to the nearest whole number. $1,160,000$493,005$407,265$1,007,265 None of the choices are correct. Table 1 MACRS Half-Year Convention