XYZ Inc. is considering a project with a life of 5 years that will require the purchase of $850,000 in new 5-year MACRS equipment. The MACRS rates are 20%, 32%, 19.2%, 11.52%, 11.52%, and 5.76% for Years 1 to 6, respectively. Ignore bonus depreciation. The firm desires to get back 8% of its initial investment through the after- tax salvage value. The tax rate is 20%. What is the price the equipment can be sold for at the end of the project? (Do not round your intermediate calculations. Round only your final answer up to 2 decimal places, if necessary. Note: Your final answer must be in dollars without the $ sign at the beginning)