Question: Seeing Red has a new project that will require fixed assets of $889.000, which will be depreciated on a 5 year MACRS schedule. The annual

Seeing Red has a new project that will require fixed assets of $889.000, which will be depreciated on a 5 year MACRS schedule. The annual depreciation percentages are 20.00 percent. 32.00 percent, 19.20 percent, 11.52 percent and 1152 percent, respectively. The company has a tax rate of 35 percent. What is the depreciation tax shield for Year 3? Multiple Choice 599 568 559.741 O $62 230 $51850 $35.844

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