A manufacturing plant has an eight-year tax life with an initial cost to build of $15,000,000, annual depreciation is equal to $2,000,000, the company's tax rate is equal to 20 percent, and the company uses straight-line depreciation. At the end of year 5, the plant can be scrapped for $3,000,000. What is the after-tax salvage value of the plant, rounded to the nearest dollar, at the end of the fifth year?

1)	$1,000,000

2)	$2,400,000

3)	$3,400,000

4)	$15,000,000