Digital Organics (DO) has the opportunity to invest $1.04 million now (t= 0) and expects after-tax returns of $640,000 int= 1 and $740,000 int= 2. The project will last for two years only. The appropriate cost of capital is 10% with all-equity financing, the borrowing rate is 6%, and DO will borrow $340,000 against the project. This debt must be repaid in two equal installments. Assume debt tax shields have a net value of $0.35 per dollar of interest paid. Calculate the projects APV.