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 $14,220,000 and will be sold for $3,160,000 at the end of the project. If the tax rate is 25 percent, what is the aftertax salvage value of the asset? Multiple Choice $2,984,304 $2,370,000 $3,335,696 $2,984,304 $2,370,000 $3,335,696 $3,133,519 $2,835,089