ABC. is considering a new five-year expansion project that requires an initial fixed asset investment of $5 million. The equipment is a five-year property for MACRS, it will be worthless at the end of the project life. No bonus depreciation will be taken. The project is estimated to generate $4,389,000 in annual sales, with costs of $1,731,200. The tax rate is 25 percent. What is the Year 5 depreciation tax shield for this project? $400,000 $237,500 $150,000 $137,500