Jake wins an employment discrimination case against Sherdock Motors. He receives a compensatory damages award of $400,000 and punitive damages award of $100,000 from the jury for a combined amount of $500,000. At the time the judgment was signed, Sherlock Motors had merged with another company and they employed 1,000 employees. What amount of compensatory damages and punitive damages is Jake entitled to under the Title VII cap?
1) $100,000
2) $300,000
3) $400,000
4) $500,000