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Southwest Airlines just bought a new jet for $32,000,000. The jet falls into the 7-year MACRS category, with the following depreciation rates (half-year convention): Year

Southwest Airlines just bought a new jet for $32,000,000. The jet falls into the 7-year MACRS category, with the following depreciation rates (half-year convention):

Year	1	2	3	4	5	6	7	8
Depr. rate	14.29%	24.49%	17.49%	12.49%	8.93%	8.92%	8.93%	4.46%

What was the depreciation in year 5?

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