An Asset Used in a Three-Year Project Falls in the Three-Year

An asset used in a three-year project falls in the three-year MACRS class for tax purposes.The MACRS percentage rates tarting with Year 1 are: 33.33,44.45,14.81,and 7.41.The asset has an acquisition cost of $2.6 million and will be sold for $1.1 million at the end of the project.If the tax rate is 34 percent,what is the aftertax salvage value of the asset?

A) $742,519.10
B) $726,000.00
C) $832,056.60
D) $791,504.40
E) $887,560.15