#3 Net Salvage Value

Allen Air Lines must liquidate some equipment that is being replaced. The equipment originally cost $6 million, of which 70% has been depreciated. The used equipment can be sold today for $3 million and Allen faces a 25% tax rate. What is the equipment's after-tax net salvage value? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000. Round your answer to the nearest dollar.

$