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 22 percent, what is the aftertax salvage value of the asset? Multiple Choice $3,005,388 $2,464,800 $3,314,612 $3,155,657 $2,855,118