Hayward Enterprises, a successful imaging products firm, is considering expanding into the lucrative laser-engraved selfportrait business. It is expected that this new business will generate first-year revenues of $1.8 million. These revenues are, expected to grow at 9 percent per year for the next 8 years. Year 1 incremental operating costs of this new business are expected to total $700,000 and to grow at 8 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 $110,000 during year 1,$185,000 during year 2 , and $140,000 during year 3 . Capital outlays required at time 0 total $2,9 milion, and another $300,000 will be required at the end of year 1 . Net working capital investments of $45,000,$65,000, and $80,000 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