Carson Trucking is considering whether to expand its regional service center in Mohab, UT. The expansion requires the expenditure of $9,000,000on new service equipment and would generate annual net cash inflows from reduced costs of operations equal to $2,000,000per 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 9the investment cash inflow totals $2,900,000.

Calculate the project's NPV using a discount rate of 8%