An auto manufacturer is considering adding new automation to their assembly line to reduce production costs. The manufacturer is confident that capital costs to get the new equipment "in service" will be $3,000,000, with a salvage value of $30,000 after a 9 year useful life. The manufacturer is less confident about the annual savings that will occur as a result of automation and cannot accurately assess the probability of the various outcomes. The manufacturer estimates the annual savings will be in the range of:

Pessimistic $420,000

Most likely $690,000

Optimistic $870,000

Using an MARR of 12%, and the Beta distribution, determine the mean NPW for the investment. Express your answer in $ to the nearest $1,000

Answer is 607387.0