The total investment in capital equipment is $1.5 million. By the end of the project planning period, that investment will be fully depreciated. Company analysts believe the equipment has a salvage value (selling price) of $1 million. If the relevant tax rate for the firm is 32.0%, what is cash flow from salvage?

Group of answer choices

a) $1,000,000

b) $1,500,000

c) $1,180,000

d) $680,000