$($Net present value calculation$)$ 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\mathrm{.}1$ million.

Thus, in year $7$ the investment cash inflow totals $$4,100,000.$ Calculate the project's NPV using a discount rate of $10$ percent.

If the discount rate is $10$ percent, then the project's NPV is $$.($Round to the nearest dollar.$)$