You have just purchased a small apartment complex that has a $1,000,000 depreciable basis. Assume no personal property. You are in the 28 percent ordinary tax bracket and 25 percent depreciation recapturo bracket. Capital gains will be taxed at 15 percent. You discount future tax benefits from depreciation at 7 percent. lgnore the midmonth convention. Required: What is your annual depreciation deduction? (Round your answer to 2 decimal places-)