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: Year 5 Years 1 .2000 2 .3200 3 .1920 4 .1152 5 .1152 6 .0576 O $1,330,752 $1,339,408 O $1,400,000 O $1,402.510