Use the information for the question(s) below.

Shepard Industries is evaluating a proposal to expand its current distribution facilities. Management has projected the project will produce the following cash flows for the first two years (in millions).

Year	1	2
Revenues	1200	1400
Operating Expense	450	525
Depreciation	240	280
Increase in working capital	60	70
Capital expenditures	300	350
Marginal corporate tax rate	30%	30%

The depreciation tax shield for the Shepard Industries project in year one is closest to:

please if the answer is in excel can you give me the formula