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Company A is thinking about acquiring a new piece of equipment. The company will be paying $6,000,000 for the equipment. The equipment has a 10 years of useful life, and will generate a cash inflow of $800,000 per year. At the end of year 10, the quipment will have a $70,000 of salvage value. The company will have to tune-up the equipment every two years, and tuning cost is $10,000 each time. A Working capital of $400,000 was also invested upon the purchase of the equipment, which will be released at the end of year 10. Compute the Net Present Value of this equipment, assuming the discount rate is 2%