A company is evaluating a new $4-$year project. The equipment necessary for the project will cost $$3,450,000$ and can be sold for $$710,000$ at the end of the

project. The asset is in the $5-$year MACRS class. The depreciation percentage each year is $20\mathrm{.}00$ percent, $32\mathrm{.}00$ percent, $19\mathrm{.}20$ percent, $11\mathrm{.}52$ percent, and $11\mathrm{.}52$

percent, respectively. The company's tax rate is $21$ percent. What is the aftertax salvage value of the equipment?

Multiple Choice

$$710,000$

$$686,094$

$$755,536$

$$426,000$

$$505,488$