Find the present worth at time 0.000 of the chrome plating costs shown in the cash flow diagram. Assume i = 12.00% per year. (Round the final answer to three decimal places.)

The value of 0 is at the left end of the time scale. The vertical arrows labeled 2,000, 1,800, 1,600, 1,400, 1,200, and 1,000 from the values of 0 through 5, respectively, are directed downward. The lengths of the downward arrows decrease from left to right. A vertical arrow labeled P = question mark from the value of 0 is directed upward.

The present worth of the chrome plating is determined to be $