You have been hired as a financial analyst to do a feasibility study of a new product. Marketing research suggests that there is a 70% probability that the net cash flow (after tax) will be $2200 for the next 2 years, and a 30% probability that the net cash flow (after tax) will be $500 for the next 2 years. The relevant discount rate is 6%. The required initial investment is $2600. The firm can pay for an option to abandon the project in year one if the net cash flow is $500. The firm will recover half of the investment if it abandons. Estimate the value of the option to abandon, round your answer to the nearest dollar.