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 $11,340,000 and will be sold for $2,520,000 at the end of the project. If the tax rate is 22 percent, what is the aftertax salvage value of the asset? Multiple Choice $2,396,701 $1,965,600 $2,643,299 $2.516537