a machine costs $$3,500,000$ up front. Required return is $12\mathrm{.}1\%.$ Cash flows are $$1,000,000,$ $$1,200,000,$ $$1,300,000,$ $$900,000,$ and $$1,000,000$ for the next $5$ years respectively. What is the value of year $3$ cash flow discounted to the present?