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 $1.440,000 at the end of the project the tax rate is 34 percent, what is the after tax salvage value of the asset? The MACRS rates for the 1st four years is 20 - 32. 192. 1152 Multiple Choice $1,367,539 $1440,000 $7100,000 $1,226,880