ABC is considering acquiring XYZ and has compiled this information on XYZ: Year 1 2 3 EBIT $ 318,000 $ 364,000 $ 392,000 Capital spending 46,500 28,000 36,200 Increases in net working capital 5,500 6,500 1,200 Depreciation 34,000 32,100 28,700 The applicable tax rate is 21 percent and the terminal value of XYZ as of Year 3 is $2.5 million. To the nearest dollar, what is the NPV of this acquisition if the discount rate is 7.1 percent and the acquisition cost is $2.25 million