A Project Will Increase Annual Sales by $183,000 and Cash

A project will increase annual sales by $183,000 and cash expenses by $99,000 for 4 years.The project has an initial cost of $115,000 for equipment that will be depreciated using MACRS depreciation.The applicable MACRS table values are 0.1429,0.2449,0.1749,and 0.1249 for Years 1 to 4,respectively.The company has a marginal tax rate of 35 percent.What is the depreciation tax shield for Year 3?

A) $3,925.59
B) $7,039.73
C) $4,556.08
D) $8,288.16
E) $9,955.77