PQZ has entered a swap with a dealer on 50,000 bushels of corn. For each of the next three months, PQZ will pay the dealer $4.00 per bushel minus the spot price of corn. The corn forward prices for each of the next three months are $3.80, $3.95 and $4.20 per bushel. The riskless interest rate is 4% (annualized and continuously compounded) for all maturities less than six months.

What is the present value of the dealers profit on the swap? (Please report your answer to four decimal places.)