K.K.West, a gold mining company, has operated a gold mine in California for the last year. It extracted 600 pounds during the last year. The IRS set the percentage depletion rate for gold at 15%. The mine is estimated to contain a total of 25,000 pounds of gold. The land initially cost $9.6 million. The company had a gross income of $4,000/pound and the mining expenses of $1.8 million for the last year. What is the maximum depletion for the mine in the last year? JameisCrabLegs Inc., a seafood distributor in the State of Florida, with a 34% combined income tax rate is considering an investment of $10,000 in equipment, having depreciable life of 3 years. The company uses the MACRS depreciation with the following depreciation rates for 3-year class: 33.33% in Year 1, 44.45% in Year 2, 14.81% in Year 3, and 7.41% in Year 4. The projected before-tax cash flows are: -$10,000 in Year 0, $2,000 in Year 1, $8,000 in Year 2, $17, 600 in Year 3, and $13, 760 in Year 4. What is the after-tax cash flow amount in Year 1