An asset used in a $4-$year project falls in the $5-$year MACRS class $($MACRS Table$)$ for tax purposes. The asset has an acquisition cost of $$15,120,000$ and will be sold for $$3,360,000$ at the end of the project.

Required:

If the tax rate is $32$ percent, what is the aftertax salvage value of the asset?

rev: $09\_18\_2012$

Multiple Choice

$$3,120,876$

$$2,284,800$

$$3,599,124$

$$3,276,919$

$$2,964,832$