Question: Please solve. An asset used in a fouryear project falls in the five-year MACRS class (MACRS schedule) for tak purposes. The asset has on acquisition

Please solve.

An asset used in a fouryear project falls in the five-year MACRS class (MACRS schedule) for tak purposes. The asset has on acquisition cost of $8,300,000 and will be sold for $2,060,000 at the end of the project. If the tox rate is 25 percent, what is the aftertax salvage value of the asset? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g. 32

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