Company A is building a manufacturing plant that will require a cash outlay of $$450,000$ for the initial purchase of a building, $$300,000$ for remodeling the first year, and $$170,000$ for new equipment in the second year. At the time of the initial purchase, Copany A is required to make a $10\%$ down payment on both the remodeling expenses and the new equipment. It is contractually obligated to pay for the remodeling and new equipment in year $1$ and year $2($respectively$).$ If the firm's cost of capital is $12$ percent, what is the present value of the net investment at time $0?$ Round your answer to the nearest $$1,000$ dollars.