Carson trucking is considering whether to expand its regional service center in Utah. The expansion requires the expenditure of 9,500,000 on new service equipment and will generate annual net cash inflows from reduce cost of operations equal to 3 million per year for each of the next seven years. In your seven the firm will also get back a cash flow equal to the salvage value of the equipment which is valued at 1 million. Thus in your 70 investment cash inflow totals $4,000,000.

if the discount rate is 8% then the projects NPV is $____