What is the value of year $3$ cash flow discounted to the present?Monster Beverage is considering purchasing a new canning machine.

This machine costs $$3,500,000$ up front.

Required return $=10\mathrm{.}4\%$

Year

Cash Flow

$0=$ $$-3,500,000$

$1=$$$1,000,000$

$2=$$$1,200,000$

$3=$$$1,300,000$

$4=$$$900,000$

$5=$$$1,000,000$