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 $$5,500,000$ and will be sold for $$1,750,000$ at the end of the project. If the tax rate is $24$ percent, what is the aftertax salvage value of the asset? Refer to Table $10\mathrm{.}7.($Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e$.$g$.,1,234,567.)$