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 ? $70,000 $195,000 $450,000 $620,000 $650,000