Question: Seeing Red has a new project that will require fixed assets of $909,000, which will be depreciated on a 5-year MACRS schedule. The annual depreciation

Seeing Red has a new project that will require fixed assets of $909,000, which will be depreciated on a 5-year MACRS schedule. The annual depreciation percentages are 2000 percent, 32.00 percent, 1920 percent,11.52 percent, and 11.52 percent, respectively. The company has a tax rate of 40 percent. What is the depreciation tax shield for Year 3? Multiple Choice 13 69,811 $116,352 $60,600 $41,887

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