Monster Beverage is considering purchasing a new canning machine.

This machine costs $$3,500,000$ up front.

Required return $=10\mathrm{.}8\%$

Year Cash Flow

$0$ $$-3,500,000$

$1$ $$1,000,000$

$2$ $$1,200,000$

$3$ $$1,300,000$

$4$ $$900,000$

$5$ $$1,000,000$

What is the value of Year $3$ cash flow discounted to the present?