Carson Trucking is considering whether to expand its regional service center in Mohab, UT$.$ The expansion requires the expenditure of $$10,500,000$ on new service equipment and would generate annual net cash inflows from reduced costs of operations equal to $$3,000,000$ 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 $$1$ million. Thus, in year $7$ the investment cash flow totals $$4,000\mathrm{.}000.$ Calculate the project's NPV using a discount rate of $8$ percent.