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Seeing Red has a new project that will require fixed assets of $921000, which will be depreciated on a 5-year MACRS schedule. The annual depreciation

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Seeing Red has a new project that will require fixed assets of $921000, which will be depreciated on a 5-year MACRS schedule. The annual depreciation percentages are 20.00 percent, 3200 percent, 19 20 percent, 1152 percent, and 1152 percent, respectively. The company has a tax rate of 40 percent. What is the depreciation tax shield for Year 3

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