$1.$ Medavoy Company is considering a new project that complements its existing business. The machine required for the project costs $$4\mathrm{.}75$ million. The marketing department predicts that sales related to the project will be $$2\mathrm{.}63$ million per year for the next four years, after which the market will cease to exist. The machine will be depreciated to zero over its $4-$year economic life using the straight$-$line method. Cost of goods sold and operating expenses related to the project are predicted to be $25$ percent of sales. The company also needs to add net working capital of $$215,000$ immediately. The additional net working capital will be recovered in full at the end of the project$$s life. The corporate tax rate is $23$ percent and the required return for the project is $10$ percent. What is the value of the NPV for this project? $($Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to $2$ decimal places, e$.$g$.,1,234,567\mathrm{.}89.)$

$2.$ Shinoda Manufacturing, Incorporated, has been considering the purchase of a new manufacturing facility for $$520,000.$ The facility is to be fully depreciated on a straight$-$line basis over seven years. It is expected to have no resale value at that time. Operating revenues from the facility are expected to be $$400,000,$ in nominal terms, at the end of the first year. The revenues are expected to increase at the inflation rate of $5$ percent. Production costs at the end of the first year will be $$245,000,$ in nominal terms, and they are expected to increase at $6$ percent per year. The real discount rate is $8$ percent. The corporate tax rate is $23$ percent. Calculate the NPV of the project. $($Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$