An asset used in a five-year project falls in the five-year MACRS class for tax purposes. The asset has an acquisition cost of $2,600,000 and will be sold for $500,000 at the end of the 5th year. If the tax rate is 21 percent, what is the after-tax salvage value of the asset? The 5-year MACRS schedule is below. Year Depreciation % 20% 32% 3 19.2% 11.52% 11.52% 5.76% 1 OWN Multiple Choice $426,449,60 $489.348.80