Carson Trucking is considering whether to expand its regional service center in Mohab, UT. The expansion requires the expenditure of $9000 on new service equipment and would generate annual net cash inflows from reduced costs of operations equal to $3500 per year for each of the next 9 years. In year 9 the firm will also get back a cash flow equal to the salvage value of the equipment, which is valued at $0.9 million. Thus, in year 9 the investment cash inflow totals $4400. Calculate the project's NPV using a discount rate of 8 percent.