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20. The financial manager of Blooper Industries is analyzing a proposal for mining and selling a small deposit of high-grade magnoosium ore. The project requires an initial investment of $10 million. After 5 years, the ore deposit is exhausted, so the mining equipment may be sold for $2 million. The financial manager assumes that Blooper depreciates the equipment to a final value of zero. The firm's tax bracket is 35%. What is the net-of-tax salvage value from the mining equipment sale after 5 years? A. $1.3 million B. $1.65 million C. $2 million D. $0 million