Washington Enterprises is evaluating a potential investment in a steakhouse. The company's appropriate discount rate is 12%.

All cash flows occur at the end of the year and the project is discountinued after three years.

Initial investment($1,000,000)

Year 1$300,000

Year 2?

Year 3$700,000

Profitability index0.20898836

What is the projected Year 2 cash flow?

Round to the nearest dollar and show calculation please