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 $7-$year life of the project. The equipment can be scraped at the end of the project for $5$ percent of its original cost. Annual sales from the project are estimated at $$420,000.$ Net working capital equal to $20$ percent of sales will be required to support the project. All the net working capital will be recouped. The required rate of return is $16$ percent, and the tax rate is $35$ percent. What is the amount of the after$-$tax salvage vale of the equipment after $7$ years?