A angel investor is interested in investing in your company.

Your company's net cash flows over the next three years are forecast at:

Year 1 $ 600,000

Year 2 $ 800,000

Year 3 $1,000,000

Due to the high risk, the angel investor is using a 30% discount rate in evaluating their decision.

requirement:

Based on the cash flows (same as the FCFF Income approach), what amount would the investor pay today?