B) Leisure Vacations is considering a project with a life of 5 years that will require the purchase of $1.4 million in new 5-year MACRS equipment. The MACRS rates are 20 percent, 32 percent, 19.2 percent, 11.52 percent, 11.52 percent, and 5.76 percent for Years 1 to 6, respectively. The firm desires a minimum 14 percent rate of return and the tax rate is 22 percent. The equipment can be sold at the end of the project for an estimated $225,000.

What is the amount of the after-tax salvage value?