A project requires an initial investment of $500,000 and expects to produce an after-tax operating cash flow of $180,000 per year for three years.

The asset value will be depreciated to zero using straight-line depreciation over the three years.

At the end of the project, the asset could be sold at market price.

Assume a 21% tax rate and 15% cost of capital.

What is the market price of the fixed asset that will make this project break even?