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

	Year 0			Year 1			Year 2
Taxable revenue	$	17,200		$	22,000		$	22,400
Deductible expenses		(4,400	)		(6,200	)		(11,950	)
Nondeductible expenses		(755	)		(3,100	)		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.) Please show each calculation.