Keyser Mining is considering a project that will require the purchase of $$980,000$ in new equipment. The equipment will be depreciated straight line to a zero book value over the seven year life of the project. The equipment can be scraped at the end of the project for $5\%$ of original cost. Annual sales from this project are estimated at $$420,000.$ Networking capital equal to $20\%$ of sales will be required to support the project. All of the networking capital will be recouped. The required return Is $16\%$ and the tax rate is $35\%.$ What is the amount of the after tax salvage value of the equipment