Panera historically invests approximately $1M in building a new store, of which $250,000 is for leasehold improvements with a 15-year life _ HVAC, fire, suppression, plumbing, tiling, carpeting, etc. The remainder is for equipment and furnishings with a 10-year life refrigerators, freezers, ovens, stoves, dishwashers, tables, chairs, etc. Assume straight-line depreciation and no salvage value for both. What are Paneras total estimated annual depreciation expenses?