Perform a financial analysis for a project. Assume that the projected costs and benefits for this project are spread over four years as follows:

Estimated costs are $300,000 in Year 1 and $ 55,000 each year in Years 2, 3, and 4.

Estimated benefits are $0 in Year 1 and $110,000 each year in Years 2, 3, and 4.

Use a 6 percent discount rate, and round the discount factors to two decimal places.

What is the total discounted cost? (Keep your answer in two decimal places. e.g. 446929.98. Do not enter $ symbol.)