Cardinal Company is considering a five$-$year project requiring a $$2,955,000$ investment in equipment with a useful life of five years and no salvage value. The company's discount rate is $18\%.$ The project would provide net operating income in each of five years as follows:

$\backslash$table$[[$Sales$,,$$$,2,865,000],[$Variable expenses,,,$1,015,000],[$Contribution margin,,,$1,850,000],[$Advertising$,$ salaries, and other fixed out$-$of$-$pocket costs,$ $750,000,,],[$Depreciation$,591,000,,],[$Total fixed expenses,,,$1,341,000],[$Net operating income,,,$ $509,000]]$

Click here to view Exhibit $12$B$-1$ and Exhibit $12$B$-2,$ to determine the appropriate discount factor$($s$)$ using table.

Foundational $12-13($Algo$)$

$13.$ Assume a postaudit showed all estimates $($including total sales$)$ were exactly correct except for the variable expense ratio, which actually turned out to be $45\%.$ What was the project's actual net present value?

Note: Negative amount should be indicated by a minus sign. Round intermediate calculations and final answer to the nearest whole dollar amount.