Suppose you have developed the following information for a potential investment: current market value is $1,000,000; anticipated loan to value ratio is 0.75 with two discount points; and predicted cash flows of ATCF₁ = 38,560, ATCF₂ = $41,780, ATCF₃= $45,210, and ATER₃ = $201,730. Assume the investor's minimum required after-tax rate of return is 15%.

What is the net present value is investment?