Cаin Cоmmunicаtiоn must liquidаte sоme equipment that is being replaced. The equipment originally cost $14.4 million, of which there is 15% remaining depreciation. So, 85% has been depreciated. The used equipment can be sold today for $4.8 million, and its tax rate is 25%. What is the equipment's after-tax net salvage value? An answer of $1.2 million should be entered as 1,200,000. Round your answer to the nearest dollar. Do not enter % or $ signs.