The McKeldin Moving Company (MMC) just sold its very large collection of Turtle Statues for $975,000. The Statues were purchased 5 years ago for a total price of $1,350,000. The Statues have a ten-year straight-line depreciation schedule to a projected salvage value of $350,000. With a tax rate of 21%, what is the after-tax salvage value of the sale of the Turtle Statue Collection for MMC? (Note that while the depreciation is over a 10-year period but the statues are sold only 5 years after they were purchased.) $948,750 $296,250 $493,750 $850,000 $625,000