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Tender Inc. is evaluating a project in Indonesia that would require a $$6\mathrm{.}2$ million investment today $($t $=0).$ The after$-$tax cash flows would depend on whether Indonesia imposes a new property tax. There is a $50-50$ chance that the tax will pass, in which case the project will produce after$-$tax cash flows of $$1,350,000$ at the end of each of the next $5$ years. If the tax doesn't pass, the after$-$tax cash flows will be $$2,000,000$ for $5$ years. The project has a WACC of $12\mathrm{.}0\%.$ The firm would have the option to abandon the project $1$ year from now, and if it is abandoned, the firm would receive the expected $$1\mathrm{.}35$ million cash flow at t $=1$ and would also sell the property for $$4\mathrm{.}75$ million at t $=1.$ If the project is abandoned, the company would receive no further cash inflows from it$.$ What is the value $($in thousands$)$ of this abandonment option?