Kevin's Mining, Inc. is in the business of mining for copper. They recently identified a place to explore for copper and incurred the following costs.

Payment for the right to explore the mine for copper: $10,000,000.

Actual exploration costs: $6,000,000.

The expected estimated cost to restore the land after the mining is complete: is $2,000,000

The mine is expected to produce 36,000,000 tons of copper over its five-year useful life.

During the first year of operations, 5,000,000 tons of copper were extracted. Depletion for the first year should be:

Group of answer choices:

-$2,000,000

-$1,666,666

-$2,500,000

-$2,222,222