Please double check my answer and show work. Please adhere EXACTLY to the rounding instructions , the answer will incorrect if you do not. Thank you!

Question 27 6 pts Wilson's Antiques is considering a project that has an initial cost today of $9775. The project has a two-year life with cash inflows of $6491 per year. Should Wilson's decide to wait one year to commence this project, the initial cost will increase by 3% and the cash inflows will increase to $7301 per year. What is the value of the option to wait if the applicable discount rate is 12%? (Round answer to 2 decimal places, do not round intermediate calculations) 832.39