A new piece of specialty equipment costs $1,750,000 and will be depreciated to an expected salvage value of $150,000 on a straight-line basis over its 4 -year life. Assuming a tax rate of 30%, what is its after-tax salvage value if the equipment is actually sold after 3 years for $650,000 ? \begin{tabular}{|l} \hline$70,000 \\ $195,000 \\ $50,000 \\ \hline$620,000 \\ \hline$650,000 \end{tabular}