Pera Inc. is planning to buy a piece of equipment that can be used in a 8-year project. The equipment costs $4,000,000; has a tax life of 20 years, and is depreciated using the straight-line method. The equipment can be sold at the end of 8 years for $500,000. If the marginal tax rate is 20 percent, what is the after-tax cash flow from the sale of this asset (termination value of the equipment)?