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 $18,540,000 and will be sold for $4,120,000 at the end of the project.

Required:

If the tax rate is 34 percent, what is the aftertax salvage value of the asset?

rev: 09_18_2012

	$3,808,462
	$2,719,200
	$4,431,538
	$3,998,885
	$3,618,039