Crane, Inc. is considering spending $376,000 at Time 0 to test a new product. Depending on the test results, the firm may decide to spend $802,000 at Time 1 to start production of the product. If the product is introduced and it is successful, it will produce aftertax cash flows of $905,000 a year for Years 2 through 4. The probability of successful test and investment is 65 percent. What is the net present value at Time 0 given a 12 percent discount rate?