You have purchased a machine at $1,000,000. You plan to use and fully depreciate this machine in 5 years via straight line method. Each year this is also a maintenance cost of $800. The tax rate is 35%.
What is the annual cash flow generated from the tax shield for the next 5 years? You must round up your answer as integer and write it as a positive value. (Hint: It is asking you what the annual tax shield cash flow is from operating this machine, not the NPV).