A Project Will Increase Annual Sales by $144,000 and Cash

A project will increase annual sales by $144,000 and cash expenses by $95,000 for four years.The project has an initial cost of $102,000 for equipment that will be depreciated using MACRS depreciation.The applicable MACRS table values are .1429,.2449,.1749,and .1249 for Years 1 to 4,respectively.The company has a marginal tax rate of 34 percent.What is the depreciation tax shield for Year 3?

A) $3,925.59
B) $6,065.53
C) $11,774.27
D) $8,288.16
E) $4,955.77