Bull & Bear Corp., is evaluating a new 5-year project. The equipment necessary for the project will cost $900,000 and can be sold for $180,000 at the end of the project. The asset is in the 5-year MACRS class. The depreciation percentage each year is 20.00 percent, 32.00 percent, 19.20 percent, 11.52 percent, and 11.52 percent, and 5.76 percent, respectively. [NB: There are six years of depreciation in the 5-year MARCS schedule.] The company's tax rate is 28.0 percent. What is the after-tax salvage value of the equipment? Round your answer to two decimal places.