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The Sisyphean Company is considering a new project that will have an annual depreciation expense of $ 5 . 5 million. If Sisyphean's corporate tax

The Sisyphean Company is considering a new project that will have an annual depreciation expense of $

5.5

million. If Sisyphean's corporate tax rate is

23 %,

then what is the value of the depreciation tax shield on their new project?

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