Your firm is considering manufacturing a new product. The equipment necessary to manufacture this item costs $800,000. The equipment has a life of eight years and straight-line depreciation will be used (with zero salvage value). The firm's tax rate is 30% and the required rate of return on this risky project is 12%. Fixed costs are expected to be $130,000 per year and variable costs are expected to be 30% of sales. Assume also that after the first year sales are expected to grow at a 5% rate per year. What is the year 1 sales revenue that the firm needs to achieve to break-even? Please show all your work and round to 0 decimal places