Fifteen years ago,Lenny purchased an insurance policy on his own life. Thepolicy providesa$3 million death benefit.Lenny haspaid $682,000 of premiums, and the cash surrender value of thepolicyis $725,000. Heplansto liquidate thepolicyto generate cashfor hisbusiness. If Lenny's marginal tax rate is 35% and his tax rate on capital gains is 20%, how much after-tax cash will the liquidation generate?