An asset used in a 4-year project falls in the 5-year MACRS class, for tax purposes....

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An asset used in a 4-year project falls in the 5-year MACRS class, for tax purposes. The asset has an acquisition cost of $23,134,784 and will be sold for $4,948,635 at the end of the project. If the tax rate is 0.23, what is the aftertax salvage value of the asset (SVNOT)? TABLE 9.7 Modified ACRS depreciation allowances Property Class Year 3-Year 5-Year 7-Year 1 33.33% 20.00% 14.29% 2 44.45 32.0 24.49 3 14.81 19.20 17.49 4 7.41 11.52 12.49 5698 11.52 8.93 5.76 8.92 7 8.93 4.46 An asset used in a 4-year project falls in the 5-year MACRS class, for tax purposes. The asset has an acquisition cost of $23,134,784 and will be sold for $4,948,635 at the end of the project. If the tax rate is 0.23, what is the aftertax salvage value of the asset (SVNOT)? TABLE 9.7 Modified ACRS depreciation allowances Property Class Year 3-Year 5-Year 7-Year 1 33.33% 20.00% 14.29% 2 44.45 32.0 24.49 3 14.81 19.20 17.49 4 7.41 11.52 12.49 5698 11.52 8.93 5.76 8.92 7 8.93 4.46