Schroeder Electronics is considering a project which will require the purchase of $5 million in new equipment. The equipment will be depreciated straight-line to a zero book value over the 5-year life of the project. Schroeder's expects to sell the equipment at the end of the project for 10% of its original cost. The tax rate is 40%. What is the amount of the after-tax salvage value of the equipment? A) $200,000 B) $300,000 C) $400,000 D) $500,000