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 $6,500,000 and will be sold for $1,600,000 at the end of the project. If the tax rate is 21 percent, what is the aftertax salvage value of the asset? Acquisition costs 6,500,000 1,600,000 Pretax salvage value Tax rate 21% MACRS percentages Year 1 0.2000 0.3200 0.1920 Year 2 Year 3 Year 4 0.1152 Complete the following analysis. Do not hard code values in your calculations Year 1 depreciation Year 2 depreciation Year 3 depreciation Year 4 depreciation Accumulated depreciation Book value Aftertax cash flow Pretax salvage value Taxes Aftertax salvage value