Assume that you are a developer. Last year you completed a commercial real estate project and the building has just completed its first full year of service. The land cost $20M and the sum of hard and soft costs were $80M. You are preparing your tax returns and would like to compute the depreciation. Assume that commercial properties are depreciated on a straight line basis over 39 years and you can ignore cost segregation for now. What is the depreciation charge per year?

a)2,564,103

b)2,179,487

c)2,051,282

d)2,546,103