A highway department is considering building a temporary bridge to cut travel time during the three years it will take to build a permanent bridge. The temporary bridge can be put up in a few weeks at a cost of $932,327. At the end of three years, it would be removed and the steel would be sold for scrap. The real net cost of this would be $89,518. Based on estimated time savings and wage rates, fuel savings, and reductions in risks of accidents, the departmental analysts predict that the benets in real dollars would be $229,535 during the rst year, $259,196 during the second year, and $315,432 during the third year. The departmental regulations require use of a real discount rate of 5 percent. What is the net present value of building a temporary bridge, assuming that the benets are realized at the end of each of the three years? (your answer must be rounded-off to the nearest dollars, i.e., no decimal places)