you are a manager considering investing in a project that is estimated to pay the following cash flows:

Time 0 (today): $0

At the end of year 1: $100

At the end of year 2: $300

At the end of year 3: $300

At the end of year 4: $300

At the end of year 5: $500

At the end of year 5, the project will be terminated at no additional cost or profit.

What is the present value of the project assuming that your discount rate (required return) is 12%? Round your answer to the nearest whole number.