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 $7,100,000 and will be sold for $1,400,000 at the end of the project. If the tax rate is 40%, what is the after-tax salvage value of the asset? Use the following MACRS table: O $1,330,752 $1,339,408 O$1,400,000 O $1,402.510 Year 1 2 3 t 5 6 5 Years .2000 .3200 .1920 .1152 .1152 .0576