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 $4,850,000 and will be sold for $1,425,000 at the end of the project. If the tax rate is 21 percent, what is the aftertax salvage value of the asset? Refer to Table 10.7.

Year O VOO AWN Property Class Three-Year Five-Year 33.33% 20.00% 44.45 32.00 14.81 19.20 7.41 11.52 11.52 5.76 Seven-Year 14.29% 24.49 17.49 12.49 8.93 8.92 8.93 4.46