Question: Your firm purchased machinery with a 7-year MACRS life for $10.40 million. The project, however, will end after 5 years. If the equipment can be sold for $4.90 million at the completion of the project, and your firm's tax rate is 40%, what is the after-tax cash flow from the sale of the machinery? Use the MACRS depreciation schedule. (Enter your answer in dollars, not in millions.)