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 $17,640,000 and will be sold for $3,920,000 at the end of the project. If the tax rate is 23 percent, what is the aftertax salvage value of the asset? Multiple Choice $3,719,484 $3,018,400 $4,120,516 $3,905,458 $3,533,510 A company purchased an asset for $3,550,000 that will be used in a 3-year project. The asset is in the 3-year MACRS class. The depreciation percentage each year is 33.33 percent, 44.45 percent, and 14.81 percent, respectively. What is the book value of the equipment at the end of the project? Multiple Choice $0 O $263,055 O $788,810 $2,366,785 O O $3,286,945