You are beginning a project that requires a$($n$)$ $$5,500,000$ investment in a fixed asset. At the end of the project, you expect that you will be able to sell the asset for $$1,750,000.$ The project is a four$-$year project and the asset falls in the five$-$year MACRS class for tax purposes. If the tax rate is $24$ percent, what is the aftertax salvage value of the asset? Refer to Table $10\mathrm{.}7.($Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e$.$g$.,1,234,567.)$

Aftertax salvage value