MACRS Depreciation Allowances

Property Class
Year	3-Year	5-Year	7-Year
1	33.33%	20.00%	14.29%
2	44.45	32.00	24.49
3	14.81	19.20	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

An eight year project involves equipment costing $3,340,000 that will be depreciated using the five-year MACRS schedule. If the estimated pre-tax salvage value for the equipment at the end of the project's life is $567,800, what is the after-tax salvage value for the equipment? Assume a marginal tax rate of 34 percent.