Dean Corp. has a 21% marginal tax rate and uses a 7% discount rate to compute NPV. The company is purchasing (in year 0) a business-use, non-rental building improvement (heating system) on February 13th for $1,100,000. The seller would require no money down and would allow Dean Corp. to defer payment until year 4 ($10,000 interest payable in years 1, 2, 3, and 4). Compute the present value of the after-tax cash flows for years 0 and 1 only.