Sway's Back Store is considering a project which will require the purchase of $1 million in new equipment. The equipment will be depreciated straight-line to a zero book value over the 5-year life of the project. Annual sales from this project are estimated at $700,000. Sway's Back Store expects to sell the equipment at the end of the project for 20% of its original cost. New net working capital equal to 10% of sales will be required to support the project. All of the new net working capital will be recouped at the end of the project. The firm desires a minimal 12% rate of return on this project. The tax rate is 40%. What is the amount of the after-tax cash flow from the sale of the equipment?