A company is considering replacing an old machine with a new one. The old machine can still last for 4 years and it needs $2,000 maintenance cost per year. The maintenance cost and salvage value schedule is in the following table. The opportunity cost of capital is 15%. What is the present value of opportunity cost if the company decide to defer the replacement for 1 year?

Year	0	1	2	3	4
Maintenance	0	2,000	2,000	2,000	2,000
Salvage Value	8,000	5,000	3,000	1,500	500