q10 need help urgent

Question 10 (1 point) Your boss has asked you to calculate the present value of the salvage value of a piece of equipment. The company paid $1,300,000 for the piece of equipment. The will be operated for 5 years. The company will sell the piece of equipment for its salvage value of $180,000 5 years from today. The required rate of return is 5.6% compounded annually. What is the present value of the salvage value? Your answer should be accurate to two decimal places