You evaluating a capital budgeting project that should last for 4 years. The project requires $800,000 of equipment. She is unsure what depreciation method to use in her analysis, straight-line or the MACRS accelerated method. Under straight line depreciation, the cost of the equipment would be depreciated evenly over its 4-year life (ignore the half-year convention for the straight-line method). The applicable MACRS depreciation rates are 33%, 45%, 15%, and 7%. The company's WACC is 8%, and its tax rate is 35% Using the MACRS accelerated method, what would be the depreciation expense in Year 3? O $120,000 $744,000 O $56,000 $200,000