Can you show me how to solve this in excel?

An asset used in a 3-year project falls in the five-year MACRS class for tax purposes. The asset has an acquisition cost of $5.4 million and will be sold for $1.7 million at the end of the project. If the tax rate is 35 percent, what is the after-tax salvage value of the asset?

Year 3-year Property 5-year Property 7-year Property

1 33.33% 20% 14.29%

2 44.45% 32% 24.49%

3 14.81% 19.2% 17.49%

4 7.41% 11.52% 12.49%

5 11.52% 8.93%

6 5.76% 8.92%

7 8.93%

8 4.46%