Your mother wants to encourage you to complete college, so she promises you the following cash flows, to be paid at the end of each year after you graduate:

Year				Cash Flow
	1			$	910
	2				990
	3				0
	4				1,580

What is the present value of the cash flows upon graduation? Assume that the appropriate discount rate is 10 percent annually with quarterly compounding. (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.)