Net present valuecalculation)Carson Trucking is considering whether to expand its regional service center inMohab, UT. The expansion requires the expenditure of $9,000,000 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 9 years. In year 9 the firm will also get back a cash flow equal to the salvage value of theequipment, which is valued at $1.1 million. Thus, in year 9 the investment cash inflow totals $4,100,000. Calculate theproject's NPV using a discount rate of 10 percent.

If the discount rate is 10 percent, then theproject's NPV is $