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A company is considering a project which requires $1.3 million in capital investment. The project can bring in an annual revenue of $900k/year next 11

A company is considering a project which requires $1.3 million in capital investment. The project can bring in an annual revenue of $900k/year next 11 years. The annual operation cost (e.g. labor and supplies) is $324k/year. Starting from year 6, the equipment will need major maintenance and this cost starts at $153k/year and increase by $153k each year until the end of the project life time (11 years). The equipment has a salvage value of $390k at the end of the project. Calculate the projects net future value at year 11 to find out whether its worth investing. The interest rate is 13%. Please only fill in the number of your calculated result in the blank, e.g., if the result is $100k, fill in 100; also round to the nearest integer

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