Given the information provided here, what is this firm's WACC?

• coupon rate on bonds = 4.0%
• coupon rate on company's bonds = 6.5%
• ytm on bonds = 5.8%
• years until maturity on the bonds = 16
• coupon rate 3.04%
• recent stock price = $29.10; the company pays no dividends
• current yield on Treasury notes = 4.0%
• current yield on Treasury bills = 1.5%
• stock beta = 1.5
• average effective tax rate over past five years = 30%
• company's view of the market risk premium = 7.0%
• total long-term debt = $350 million
• total shareholder's equity = $650 million

Let's say you have an asset worth $5 million and that you will depreciate this using a 7-year MACRS schedule. What will be the amount of depreciation charged in year 4?