Hayward Enterprises, a successful imaging products firm, is considering expanding into the lucrative laser-engraved self-portrait business. It is expected that this new business will generate first-year revenues of $2.2 million. These revenues are expected to grow at 13 percent per year for the next 8 years. Year 1 incremental operating costs of this new business are expected to total $900,000 and to grow at 7 percent per year for the next 8 years. The firm's marginal tax rate is 40 percent, but its average tax rate is only 35 percent. Depreciation expenses are expected to be $95,000 during year 1,$135,000 during year 2 , and $160,000 during year 3 . Capital outlays required at time 0 total $1.7 million, and another $700,000 will be required at the end of year 1 . Net working capital investments of $70,000,$65,000, and $70,000 are expected at the end of years 1,2 , and 3 respectively. Calculate the expected net cash flows for year 3 . Round your answer to the nearest dollar. $