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Carson Trucking is considering whether to expand its regional service center in Mohab, UT . The expansion requires the expenditure of $ 1 1 comma

Carson Trucking is considering whether to expand its regional service center in Mohab, UT. The expansion requires the expenditure of $11 comma 000 comma 000 on new service equipment and would generate annual net cash inflows from reduced costs of operations equal to $3 comma 000 comma 000 per year for each of the next 7 years. In year 7 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 7 the investment cash inflow totals $3 comma 900 comma 000. Calculate the project's NPV using a discount rate of 7 percent

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