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 $8,300,000 and will be sold for $1,740,000 at the end of the project. If the tax rate is 34 percent, what is the after-tax salvage value of the asset?

$1,740,000.00

$1.636,041.60

$8,300.000.00

$1,434,240.00

$103,958.40