14. Problem 11-03 (Net Salvage Value) hook Net Salvage Value Allen Air Lines must liquidate some equipment that is being replaced. The equipment originally cost $9.2 million of which has been deprecated. The used gument can be sold today for $1.6 million, and its tax rate is 25%. What is the equipment after tax matalvage value? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000. Round your answer to the nearest dollar