Seeing Red has a new project that will require fixed assets of $895,000, which will be depreciated on a 5-year MACRS schedule. The annual depreciation percentages are 20.00 percent, 32.00 percent, 19.20 percent, 11.52 percent, and 11.52 percent, respectively. The company has a tax rate of 35 percent. What is the depreciation tax shield for Year 3?

a) $52,208

b) $62,650

c) $36,086

d) $100,240

e) $60,144