A project has to sell a machine that is obsolete. The market department finds a buyer who is willing to pay $100,000 for the machine. The machine was purchased 4 years ago for $1.1 million. The accounting department notes that the depreciation method for this machine is straight line, and the machine will be depreciated to zero over a five-year time period after purchase. What is the machine's after-tax salvage value? Tax rate is 21%