In anticipation of Baldwin Corporations new product Balle, the company purchased new plant and equipment for $73,920,000. The plant and equipment is expected to be used for 15 years, and has a planned salvage value of $0. Assuming straight-line depreciation, how much will Balle expense in depreciation next year?

• $4,928,000.

• $7,392,000.

• $2,464,000.

• $3,696,000.