Newson Minerals is considering a project that will require the purchase of $$479,000$ of equipment. The equipment will be depreciated straight$-$line to a zero book value over the five$-$year life of the project after which it will be worthless. The required return is $12$ percent and the tax rate is $25$ percent. What is the value of the depreciation tax shield in Year $4$ of the project?

a$.$ $$23,950$

b$.$ $$119,750$

c$.$ $$28,740$

d$.$ $$78,600$

e$.$ $$32,200$