Hall Corporation plans to invest $5.5 million in rehabilitating a certified historic structure. Calculate the net present value of Hall's allowable rehabilitation credit. Assume Hall has ample taxable income, places the building in service next year (year 1) and uses a 5 percent discount rate to calculate present value. Use Appendix B. (Enter your answer in dollars not in millions of dollars.)

resent Valueo Annuity of $1 Periods Periods ^dy) 10/26/2018 30 7%-93 8 62 7 10097 $15 00494 85.7 196 194 | 87 64 32 014 43 28 63 94 210 45 600 22 102 26 3, 23445667788990 10-11 17 3030 5 5 6 250 9 56 1 4 2 77 000 681 79 5 6 33 75 45 95 836 006 42. 123456789 1 2 3 4S6789 10 12 13 14 511, " ch