An asset used in a 4-year project falls in the 5-year MACRS class for tax purposes. The annual depreciation [percentages are 20 percent, 32 percent, 19.20 percent, 11.52 percent, 11.52 percent, and 5.76 percent, respectively. The asset has an acquisition cost of $12,060,000 and it will be sold for $2,680,000 at the end of the project. If the tax rate is 23 percent, what is the aftertax salvage value of the asset?