Down Under Boomerang, Inc., is considering a new three-year expansion project that requires an initial fixed asset investment of $1.4 million. The fixed asset will be depreciated straight-line zero over its three year life, after which it will be worthless. You expect that you will be able to sell the fixed asset for 250,000 at the end of the three-year expansion project. If the tax rate is 35%, what are the after-tax proceeds from the sale of the fixed asset at the end of the third year?