John is considering opening a new pub in the Southwest part of town. The building will cost 1.5 million dollars, and fixtures such as bars kitchen equipment and so on will cost another $200,000, including installation costs. Stocking the pub with inventory before it opens will cost another $100,000. Land for the building site cost John $300,000 several years ago, but now the land could be sold to net John $1,000,000 after tax. Compute the net investment for Johns new pub.

Remember to use a $, commas where appropriate, and carry your answer to 2 decimal places.