Consider the following project of Hand Clapper, Incorporated. The company is considering a four$-$year project to manufacture clap$-$command garage door openers. This project requires an initial investment of $$13\mathrm{.}6$ million that will be depreciated straight$-$line to zero over the project's life. An initial investment in net working capital of $$580,000$ is required to support spare parts inventory; this cost is fully recoverable whenever the project ends. The company believes it can generate $$10\mathrm{.}9$ million in pretax revenues with $$4\mathrm{.}2$ million in total pretax operating costs. The tax rate is $24$ percent and the discount rate is $9$ percent. The market value of the equipment over the life of the project is as follows:

$\backslash$table$[[$Year$,\backslash$table$[[$Market Value$],[($millions$)]]],[1,$$$10\mathrm{.}9$