A group of private investors borrowed $29 million to build 300 new luxury apartments near a large university. The money was borrowed at 6% annual interest, and the loan is to be repaid in equal annual amounts (principal and interest) over a 35-year period. Annual operating, maintenance, and insurance expenses are estimated to be $4, 500 per apartment, and these expenses are incurred independently of the occupancy rate for the apartments. The rental fee for each apartment will be $12, 500 per year, and the worst-case occupancy rate is projected to be 75%. How much profit (or loss) will the investors make each year with 75% occupancy? Repeat Part(a) when the occupancy rate is 90%. The profit (or loss) that the investors will make each year with 75% occupancy is million dollars per year. (Round to three decimal places.)