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

$$9,500,000$ on new service equipment and would generate annual net cash inflows from reduced costs of operations equal to $$4,000,000$ per year for each of the next $6$

years. In year $6$ the firm will also get back a cash flow equal to the salvage value of the equipment, which is valued at $$0\mathrm{.}9$ million. Thus, in year $6$ the investment cash inflow

totals $$4,900,000.$ Calculate the project's NPV using a discount rate of $8$ percent.

If the discount rate is $8$ percent, then the project's NPV is $9$

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