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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 $5,100,000 and

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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 $5,100,000 and will be sold for $1,550,000 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. (Do not round Intermedlate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567

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