Firm Q is about to engage in a transaction with the following cash flows over a three-year period.

	Year 0		Year 1		Year 2
Taxable revenue	$	17,500	$	21,500	$	25,600
Deductible expenses		(4,600)		(8,600)		(12,000)
Nondeductible expenses		(575)		(3,000)		0

If the firms marginal tax rate over the three-year period is 30 percent and its discount rate is 6 percent, compute the NPV of the transaction. (Expenses and cash outflows should be indicated by a minus sign. Round discount factor(s) to 3 decimal places and your intermediate calculations to the nearest whole dollar amount.)

Year 0 Year 1 Year 2 Revenue Expenses Tax cost Net cash flow Discount factor Present value NPV