$($Net present value calculation$)$ Carson Trucking is considering whether to expand its regional service center in Mohab, UT$.$ The expansion requires the expenditure of

$$10,000,000$ on new service equipment and would generate annual net cash inflows from reduced costs of operations equal to $$2,500,000$ per year for each of the next $8$

years. In year $8$ the firm will also get back a cash flow equal to the salvage value of the equipment, which is valued at $$1$ million. Thus, in year $8$ the investment cash inflow

totals $$3,500,000.$ Calculate the project's NPV using a discount rate of $9$ percent.

If the discount rate is $9$ percent, then the project's NPV is $

$($Round to the nearest dollar.$)$