A company is evaluating a new 4 year project. The equipment necessary for the project will cost 3500000 and can be sold for 715000 at the end of the project. The asset is in the 5 year MACRS class. The depreciation percentage each year is 20.00 percent., 32.00 percent, 19.20 percent, 11.52 and 11.52%, respectively. The companies tax rate is 34 percent. What is the aftertax salvage value of the equipment