6. Ocean Transport is considering the purchase of a small dry bulk carrier for $7 million. The forecast revenue is $6 million per year and forecast operating expenses are $5 million per year. Major overhauls will be required at the end of both the fifth and tenth years; these major overhauls will each cost $2.5 million. The ship will be sold for scrap after 14 years; the estimated scrap value at that time is $3 million. The opportunity cost of capital is 6%. What is the net present value of the ship