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

expense of $$3\mathrm{.}7$ million. If Sisyphean's marginal corporate tax rate is $20\%$ and its average

corporate tax rate is $30\%,$ then what is the value of the depreciation tax shield on the company's

new project?

A$.$ $$740,000$

B$.$ $$666,000$

C$.$ $$1,110,000$

D$.$ $$1,295,000$