Sheffield has been selling auto parts to the general public for over 70 years. It has built a reputation for outstanding customer service, becoming the third largest auto parts retailer in the Southwest. Hoping to expand its sales to other regions, managers have decided to establish an online retail presence. Dan Jennings, CIO of Sheffield, is charged with the task of evaluating how the company should implement this strategy. One of the first things Dan needs to determine is how to acquire the network servers the company will need. He knows the vendor he wants to use, but he is uncertain whether he should buy or lease the servers. 

If he buys the servers for $3,934,500, Sheffield will incur annual maintenance costs of $45,750 over their five-year life. If he leases the servers for five years, Sheffield will make lease payments of $1,098,000 in each of the first three years and of $915,000 in each of the last two years. Annual maintenance costs under the lease will be $73,200. the present value of the purchase option is -4,103,587 and the present value of the lease option is -4,099,496 assuming a 11% discount rate. What salvage value would Sheffield need to receive on the purchased servers at the end of year 5 so that the purchase option is essentially equal to the lease option?