Some new equipment under consideration will cost $2,300,000 and will be used for 7 years. Net working capital will experience a one time increase of $695,000 if the equipment is purchased. The equipment is expected to generate annual revenues of $1,600,000 and annual costs of $512,000. The project falls under the five-year MACRs class for tax purposes, the tax rate is 33 percent, and the cost of capital is 11 percent. The project's fixed assets can be sold for $552,000 at the end of the project's life.

a. What is the net cash flow for the last year of the project? Round your answer to the nearest whole dollar