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Company ABC is considering a new 5-year investment into new production equipment that requires initial investment 5 million. The project is expected to generate 1,4

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Company ABC is considering a new 5-year investment into new production equipment that requires initial investment 5 million. The project is expected to generate 1,4 million in annual sales, with costs of 0,5 million per year for next 5 years. If ABC uses the straight-line depreciation over the 5 years of project life (book value assumed to be zero at the end of the project) how large is the annual depreciation? Express your answer in millions of euros

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