Auto Restoration just purchased some equipment at a cost of $1.2 million that will be depreciated using 7-year MACRS. The MACRS depreciation factors are .1429, .2449, .1749, .1249, .0893, .0892, .0893, .0446, over eight years, respectively. The firm expects to be able to sell the equipment for $750,000 at the end of eight years. What is the expected aftertax cash flow from the salvage value of the equipment if the tax rate is 35 percent?