Witri Inc. expects earnings to be $10,000 per year in perpetuity if it pays out all of its earnings in dividends. Suppose the firm has an opportunity to invest $1,000 of next year's earnings to upgrade its machinery. It's expected that this upgrade will increase earnings in all future years (starting two years from now) by $140. Assume that Witri's next dividend is one year from now. The required rate of return is 12%. What is the value of Witri Inc. if it undertakes the upgrade?