A new piece of specialty equipment costs $1,500,000 and will be depreciated to an expected salvage value of $300,000 on a straight-line basis over its 3-year life. Assuming a tax rate of 30%, what is its after-tax salvage value if the equipment is actually sold after 2 years for $800,000? $70,000 $240,000 $560,000 $770,000 $800.000