Jojola Corporation is investigating buying a small used aircraft for the use of its executives. The aircraft would have

[answerhappygod]

Jojola Corporation is investigating buying a small used aircraft
for the use of its executives. The aircraft would have a useful
life of 5 years. The company uses a discount rate of 13% in its
capital budgeting. The net present value of the initial investment
and the annual operating cash cost is −$439,238. Management is
having difficulty estimating the annual benefit of having the
aircraft and estimating the salvage value of the aircraft. (Ignore
income taxes.)
Click here to view Exhibit 14B-1 and Exhibit
14B-2, to determine the appropriate discount factor(s) using the
tables provided.
Ignoring the annual benefit, to the nearest whole dollar how
large would the salvage value of the aircraft have to be to make
the investment in the aircraft financially attractive?
Multiple Choice
$439,238
$3,378,754
$57,101
$808,910