The pumping cost for delivering water from the Ohio River to Wheeling Steel for cooling hot rolled steel was $1.800 million for the first 4 years. An effective energy conservation program resulted in a reduced cost of $1.77 million in year 5, and $1.74 million in year 6, and amounts decreasing by $30,000 each year through year 10. What is the present worth of the pumping costs in year 0.000 at an interest rate of 13.00% per year? (Round the final answer to three decimal places.)

The present worth of the pumping costs is determined to be $