You own a wholesale plumbing supply store. The store currently generates revenues of $1.01 million per year. Next year, revenues will either decrease by 10.2% or increase by 4.6%, with equal probability, and then stay at that level as long as you operate the store. You own the store outright. Other costs run $870,000 per year. There are no costs to shutting down; in that case you can always sell the store for $490,000. What is the business worth today if the cost of capital is fixed at 9.6%? (Hint:

Make sure to round all intermediate calculations to at least four decimal places.)