Your firm recently reported $12,000,000 in sales. Operating costs are $4,500,000, and depreciation expenses are 25% of sales. The firm has $8,000,000 of debt outstanding at a 5% interest rate. The firm is in the 28% tax bracket. What is the firm's tax obligation? $5,112,000 $1,260,999 $1,043,000 None of the above