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?