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 $14,040,000 and will be sold for $3,120,000 at the end of the project. If the tax rate is 23 percent, what is the aftertax salvage value of the asset? Multiple Choice $2,960,406 $2,402,400 $3,279,594 $3,108,426 O $2,812,385