An asset used in a 4-year project falls in the 5-year MACRS class (MACRS Table) for tax purposes. The asset has an acquisition cost of $16,554,000 and will be sold for $3,738,000 at the end of the project. Required: If the tax rate is 32 percent, what is the aftertax salvage value of the asset? (Do not include the dollar sign ($). Round your answer to the nearest whole dollar amount. (e.g., 1,234,567))
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