$($NPV$,$ PI$,$ and IRR calculations$)$ Fijisawa Inc. is considering a major expansion of its product line and has estimated the following free cash flows associated with such an expansion. The initial outlay

would be $$1,950,000,$ and the project would generate incremental free cash flows of $$550,000$ per year for $7$ years. The appropriate required rate of return is $9$ percent.

a$.$ Calculate the NPV$.$

b$.$ Calculate the PI$.$

c$.$ Calculate the IRR.

d$.$ Should this project be accepted?

a$.$ What is the project's NPV$?$

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