Palmer Incorporated is considering a new project. The initial cash outflows are $$1000.$ The Company beleives the project will yield cash inflows of $$122$ in year $1,$ $$122$ in year $2,$ $$305$ in year $3,$ and $$671$ in year $4.$ Assuming an annual discount rate of $4\%,$ calcualte the present value of future cash flows for the project.