Carson Trucking is considering whether to expand its regional service center in$$ Mohab, UT$.$ The expansion requires the expenditure of $$$$9$ comma $000$ comma $000$ on new service equipment and would generate annual net cash inflows from reduced costs of operations equal to $$$$3$ comma $500$ comma $000$ per year for each of the next $9$ years. In year $9$ the firm will also get back a cash flow equal to the salvage value of the$$ equipment, which is valued at $$$$1$ million. $$ Thus, in year $9$ the investment cash inflow totals $$$$4$ comma $500$ comma $000.$ Calculate the$$ project's NPV using a discount rate of $7$ percent.

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Part $1$

If the discount rate is $7$percent$,$ then the$$ project's NPV is $$$

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enter your response here. $($Round to the nearest$$ dollar.$)$