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 $12,960,000 and will be sold for $2,880,000 at the end of the project. If the tax rate is 24 percent, what is the aftertax salvage value of the asset? Multiple Choice O $2,726,277 O $2,188,800 O $3,033,723 O $2,862,591 O $2,589,963 Year 1 Property Class Three-Year Five-Year 33.33% 20.00% 44.45 32.00 14.81 19.20 7.41 11.52 11.52 Seven-Year 14.29% 24.49 17.49 12.49 8.93 8.92 8.93 4.46 5.76