Your firm needs a machine which costs $220,000, and requires $43,000 in maintenance for each year of its 5 year life. After 5 years, this machine will be replaced. The machine falls into the MACRS 5-year class life category. Assume a tax rate of 21% and a discount rate of 15%. What is the depreciation tax shield for this project in year 5?

• $20,021.76

• $25,344

• $3,801.60

• $5,322.24