Cardinal Company is considering a project that would require a $2,755,000 investment in equipment with a useful life of five years. At the end of five years, the project would terminate and the equipment would be sold for its salvage value of $300,000. The company's discount rate is 14%. The project would provide net operating income each year as follows: 12,059,000 1,100,000 1,759,000 Salon Variable expenses Contribution margin Fixed expenses Advertising, salaries, and other fixed out-of-pocket costa Depreciation Total fixed expenses Net operating income $700,000 491.000 1,191,000 $ 568,000 Click here to view Exhibit 10-1 and Exhibit 10-2. to determine the appropriate discount factor(s) using tables, Required: What is the present value of the equipment's salvage value at the end of five years? (Round discount factor(s) to 3 decimal places and final answer to the nearest dollar amount.) Prosent value