7. Calculating Salvage Value. Consider an asset that costs $2,067,150 and is depreciated straight-line to zero over its eight-year tax life. The asset is to be used in a five-year project; at the end of the project, the asset can be sold for $105,000. If the relevant tax rate is 32 percent, and the discount rate is 10 percent. what is the aftertax cash flow from the sale of this asset?