You are valuing a project for Glla Corporation using the APV method. You already found the net present value of free cash

flows from the project $($discounted at the approprlate cost of equity$)$ to be $$460,000.$ The only important side effect of

financing is the present value of Interest tax shlelds. The project will be partially financed by a constant $$1$ million in debt over

the life of the project, which is three years. Glla's tax rate is $45$ percent, and the current interest rate applicable for the project's

debt is $5$ percent $($assume this rate is also approprlate for discounting the Interest tax shields$).$ Assuming tax shields are

realized at the end of each year, what is the APV of the project?

Note: Do not round Intermedlate calculatlons. Round your answer to the nearest whole dollar.