A Machine Costs $3 Million and Has Zero Salvage Value

A machine costs $3 million and has zero salvage value.The machine qualifies under the 3-year MARCS category.Assume a discount rate of 10% and a 40% tax rate.What is the present value of depreciation tax savings associated with this machine? (MARCS tax depreciation schedule of a 3-year class asset: 33.33% in year 1,44.45% in year 2,14.81% in year 3,and 7.41% in year 4)

A) $1,090,900
B) $1,200,000
C) $994,741
D) $998,684