$(15$ points$)$ Yummy Foods is considering the introduction of a new line of dried flowers. The company expects to generate $$4$ million in new revenues per year from this new product line, for the next $10$ years, with a pre$-$tax operating margin of $50\%.$ Customers are also expected to now buy more of its traditional food products, increasing these revenues from $$20$ million to $$23$ million per year for the next $10$ years. The traditional food products have a pre$-$tax operating margin of $60\%.$ Yummy Foods expects that it will have to invest $$2$ million in new equipment however. Assuming that the company has a $10-$year life, a $12\%$ cost of capital and a $30\%$ tax rate, what is your estimate for its present value? You can assume that the equipment will depreciated over a period of $10$ years using the straight$-$line method and that salvage value will be zero.