Carson Trucking is considering whether to expand its regional service center in Mohab, UT. The expansion requires the expenditure of $11,000,000 on new service equipment and would generate annual net cash inflows from reduced costs of operations equal to $3,500,000 per year for each of the next 6 years. In year 6 the firm will also get back a cash flow equal to the salvage value of the equipment, which is valued at $1.2 million. Thus, in year 6 the investment cash inflow totals $4,700,000. Calculate the project's NPV using a discount rate of 6 percent.

If the discount rate is 6 percent, then the project's NPV is

$___

(Round to the nearest dollar.)