A piece of land may be bought for $$1,000,000$ to be strip$-$mined for coal. Annual net income will be $$300,000$ a year for $10$ years. At the end of the $10$ years, the surface of the land will be restored as required by a federal law on strip mining. The reclamation will cost $$1,300,000$ more than the resale value of the land after it is restored. Using a $10\%$ interest rate compounded quarterly, find the present worth of this project.