(Estimated time allowance: 7 minutes) Fresa Corp. is buying a piece of equipment. The equipment costs $3,000,000. The equipment is considered for tax purposes as a 5-year MACRS class. If the equipment is sold at the end of 4 years for $300,000, what is termination value of the equipment (the after-tax cash flow from the sale of this asset)? The marginal tax rate is 40 percent. The Annual expense percentage for a 5-year MACRS property from year 1 to 6 respectively are: 20.00%; 32.00%; 19.20 % ; 11.52%; 11.52: and 5.76%. Round to the closest $1; Do not use $ sign, DO NOT use commas. For example, if you obtained $1,240.75 then enter 1240