In August 2020, Mack acquires and places into service new business equipment costing $2,100,000. The equipment is classified as 7-year recovery property. No other acquisitions are made during the year. Mack's taxable income before consideration of any Sec 179 deduction is $3,700,000. Mack elects to expense the maximum amount under Sec. 179 and does not elect out of bonus depreciation (i.e., Mack wants to take Sec 179 and bonus depreciation if possible). For 2020, what is Mack's total cost recovery related to this equipment?

1,174,332

300,090

2,100,000

0