A company is considering investing in a project that has a 10 year life. To pursue the project, the company must purchase a new piece of equipment for $3,890,000 that has a life of 16 years. The equipment is depreciated straight line to zero. The machine is sold for $200,000 at the end of the projects life, and the company has a tax rate of 25%. What is the book value of the asset at the end of the project?