could you please explain as well how to get pv for problems, I can figure all of the other formulas except pv.

Cardinal Company is considering a project that would require a $2,815,000 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 $500,000. The company's discount rate is 18%. The project would provide net operating income each year as follows: Sales Variable expenses $ 2,865,000 1,015,000 1,850,000 Contribution margin Fixed expenses: Advertising, salaries, and other fixed out-of-pocket costs Depreciation $ 750,000 463,000 Total fixed expenses 1,213,000 Net operating income $ 637,000 4. What is the present value of the equipment's salvage value at the end of five years? (Round final answer to the nearest dollar amount.) Present value