Part $1$

$($Net present value$$ calculation$)$Carson Trucking is considering whether to expand its regional service center in$$ Mohab, UT$.$ The expansion requires the expenditure of $$$$9,500,000$ on new service equipment and would generate annual net cash inflows from reduced costs of operations equal to $$$$3,000,000$ per year for each of the next $7$ years. In year $7$ the firm will also get back a cash flow equal to the salvage value of the$$ equipment, which is valued at $$$$1\mathrm{.}2$ million. $$ Thus, in year $7$ the investment cash inflow totals $$$$4,200,000.$ Calculate the$$ project's NPV using a discount rate of $10$ percent.

Question content area bottom

Part $1$

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

$$

enter your response here. $($Round to the nearest$$ dollar.$)$