The Wellington family has an offer to sell a plot of land to Land Developers, Inc. (LDI) for $1,130,000. However, to allow LDI time to generate the required payment from its operations, the Wellingtons must agree to delay collection of the money for a 3 year period. The Wellingtons have an alternative offer to sell the land to Sunshine Properties. Sunshine has the cash available to make an immediate cash payment for the property. Assuming a 12% required rate of return, at what price would Sunshine be required pay to in order to match LDI's offer? (Use the PV of $1 table)