Your firm purchased machinery with a 7-year MACRS life for $9.20 million. The project, however, will end after 5 years. If the equipment can be sold for $3.70 million at the completion of the project, and your firms tax rate is 35%, what is the after-tax cash flow from the sale of the machinery? Use the MACRS depreciation schedule. (Enter your answer in dollars, not in millions.)

After-tax cash flow

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