Calculate the annual value of the depreciation tax shield given the following information: A project under...

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Calculate the annual value of the depreciation tax shield given the following information: A project under consideration will increase annual sales by $355,000 and cash expenses by $277,000. The initial investment in fixed assets will be $385,000 and will be depreciated using the straight-line method to a zero book value over the five-year life of the project. The marginal tax rate for the company is 21 percent. (Do not round intermediate calculations. Input your answer as a whole dollar amount i.e. 12345. Do not include a comma with your answer or a dollar sign.) Calculate the annual value of the depreciation tax shield given the following information: A project under consideration will increase annual sales by $355,000 and cash expenses by $277,000. The initial investment in fixed assets will be $385,000 and will be depreciated using the straight-line method to a zero book value over the five-year life of the project. The marginal tax rate for the company is 21 percent. (Do not round intermediate calculations. Input your answer as a whole dollar amount i.e. 12345. Do not include a comma with your answer or a dollar sign.)