Shepard Industries is evaluating a proposal to expand its current distribution facilities. Management has projected the project will produce the following cash flows for the first two years (in millions).
|Revenues||1 000||1 350|
|Increase in working capital||60||70|
|Marginal corporate tax rate||30%||30%|
The depreciation tax shield for Shepard Industries project in year 2 is closest to. Get Finance homework help today