Croce, Incorporated, is investigating an investment in equipment that would have a useful life of $8$ years. The company uses a discount rate of $11\%$ in its capital budgeting. The net present value of the investment, excluding the salvage value, is $-$$$579,977.($Ignore income taxes.$)$

Click here to view Exhibit $14$B$-1$ and Exhibit $14$B$-2,$ to determine the appropriate discount factor$($s$)$ using the tables provided.

How large would the salvage value of the equipment have to be to make the investment in the equipment financially attractive? $($Round your intermediate calculations and final answer to the nearest whole dollar amount.$)$

Multiple Choice

$$1,336,353$

$$63,797$

$$5,272,518$