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

acquisition cost of $$7,700,000$ and will be sold for $$1,820,000$ at the end of the project.

What is the book value of the equipment at the end of Year $4?$

Note: Do not round intermediate calculations and round your answer to the nearest whole number, e$.$g$.,32.$

Book value

If the tax rate is $24$ percent, what is the aftertax salvage value of the asset?

Note: Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

Aftertax salvage value