A Project Has Sales of $462,000, Costs of $274,000, Depreciation

A project has sales of $462,000, costs of $274,000, depreciation of $28,000, interest expense of $3,400, and a tax rate of 35 percent. What is the value of the depreciation tax shield?

A) $9,800
B) $10,300
C) $10,650
D) $10,800
E) $11,350