Power Manufacturing has equipment that it purchased $5$ years ago for $$1,850,000.$ The equipment was used for a project that was intended to last for $7$ years. However, due to low demand, the project is being shut down. The equipment was depreciated using the straight$-$line method and can be sold for $$265,000$ today. The company's tax rate is $21$ percent. What is the aftertax salvage value of the equipment?