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 $450,000?

$135,000

$315,000

$480,000

$620,000

$650,500