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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

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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 $11,880,000 and will be sold for $2,640,000 at the end of the project. Required If the tax rate is 34 percent, what is the aftertax salvage value of the asset? O $2,440,374 O $1742,40o ? $2,839,626 $2,562,392 O $2,318,355

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