You want to value a property by estimating the value of repeated agricultural projects on the property. A project will begin today and be complete 3 years later, after which a new project with the same cashflows will be immediately re-initiated.

Each project has the following cash-flows:

Year	0	1	2	3
Cash Flow	-990	500	500	500

The appropriate annual discount rate is 8%.

What is the Net Present Value of one 3-year project, starting today, assuming that there is no follow-on project (Just the NPV of the first 4 cashflows.) (0+decimals)?