An asset costs $6,050,000 to acquire and falls in the ve-year MACRS class for tax purposes. The asset is used in a four-year project and will be sold for $1,250,000 at the end of the project. The MACRS depreciation schedule is shown in the table below. 3) Calculate the annual depreciation allowances and end-ofthe-year book values for this asset. (Leave no cells blank and be certain to enter "0'I wherever required. Round your answers to 2 decimal places, e.g., 32.16.) book Value b) If the tax rate is 35 percent, what is the after-tax salvage value of the asset? (Enter your answer in dollars, not millions of dollars, e.g. 1,234,567.89.) MACRS depreciation schedule Property Glass Year Three-Year Five-Year Seven-Year 33.33% 44.45 14.81 7.41