Santa Fe purchased the rights to extract turquoise on a tract of land over a five-year period. Santa Fe paid $362,250 for extraction rights. A geologist estimates that Santa Fe will recover 5,750 pounds of turquoise. During the current year, Santa Fe extracted 1,725 pounds of turquoise, which it sold for $235,000. What is Santa Fe's cost depletion deduction for the current year?

Multiple Choice

$72,450

$108,675

$132,410

$362,250

None of the choices are correct.