Jake is considering adding a new product line that is expected to increase annual sales by $495,000 and cash expenses by $347,000. The initial investment will require $321,000 in fixed assets that will be depreciated using the straight-line method to a zero book value over the 8-year life of the project. The company has a marginal tax rate of 16%. How much tax per year is saved because of the depreciation expense? Answer the question according to the following format: integer. For example, if the company saves 3,280.776 in taxes, round it to 3,281.

Jake is considering adding a new product line that is expected to increase annual sales by $495,000 and cash expenses by $347,000. The initial investment will require $321,000 in fixed assets that will be depreciated using the straight-line method to a zero book value over the 8 -year life of the project. The company has a marginal tax rate of 16%. How much tax per year is saved because of the depreciation expense? Answer the question according to the following format: integer. For example. if the company saves 3,280.776 in taxes, rund it to 3,281