An asset used in a four-year project falls in the five-year MACRS dass 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 .2000 2 .3200 3 .1920 4 (1152 5 .1152 .0576