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An asset used in a four-year project falls in the five year MACRS class for...

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An asset used in a four-year project falls in the five year MACRS class for tax purposes. The asset has an acquisition cost of $9,300,000 and will be sold for $2,700,000 at the end of the project. If the tax rate is 35 percent, what is the after-tax salvage value of the asset when the project is finished? MACRS Applicable Percentage for Property Class Recovery Year 3-Year Property 5-Year Property 1 33.33 20.00 2. 44.45 32.00 3 14.81 19.20 4 7.41 11.52 5 11.52 6 5.76 O None of the listed. O $1,755,000 O $1,927,464 O $1,607,040 O $155,520

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