Your firm purchased machinery with a 7-year MACRS life for $10 M. The project, however, will end after 5 years. If the equipment can be sold for $4.

Your firm purchased machinery with a 7-year MACRS life for $10 M. The project, however, will end after 5 years. If the equipment can be sold for $4.5 M at the completion of the project, and your firm’s tax rate is 35%, what is the after-tax cash flow from the sale of the machinery?