A new piece of specialty equipment costs $2,250,000 and will be depreciated to an expected salvage value of $250,000 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 $550,000?

$165,000

$385,000

$490,000

$550,000

$610,000