A Project Will Increase Sales by €140,000 and Cash Expenses

A project will increase sales by €140,000 and cash expenses by €95,000.The project will cost €100,000 and be depreciated using the straight-line method to a zero book value over the 4-year
Life of the project.The company has a marginal tax rate of 34%.What is the value of the
Depreciation tax shield?

A) €8,500
B) €17,000
C) €22,500
D) €25,000
E) €37,750