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Halcyon Lines is considering the purchase of a new bulk carrier for $8.7 million. The forecasted revenues are $5.9 million a year and operating costs

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Halcyon Lines is considering the purchase of a new bulk carrier for $8.7 million. The forecasted revenues are $5.9 million a year and operating costs are $4.9 million. A major refit costing $2.9 million will be required after both the fifth and tenth years. After 15 years, the ship is expected to be sold for scrap at $2.4 million a. What is the NPV if the opportunity cost of capital is 9%? (Enter your answer in dollars, not millions of dollars. Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) Answer is complete but not entirely correct. Net present value $ (2.125,104)

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