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An asset used in a four - year project falls in the five - year MACRS class for tax purposes. The asset has an acquisition

An asset used in a four-year project falls in the five-year
MACRS class for tax purposes. The asset has an acquisition cost of
$6,160,000 and will be sold for $1,360,000 at the end of the
project. If the tax rate is 35 percent, what is the aftertax
salvage value of the asset?Refer to theMACRS
schedule.(Do not round intermediate
calculationsandround your answer to 2
decimal places, e.g.,32.16.Enter your
answer in dollars, not millions of dollars, e.g.,
1,234,567.)

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