percent. If the discount rate is 6 percent, then the project's NPV is? (Round to the nearest dollar.)

(Net present value calculation) Carson Trucking is considering whether to expand Its regional service center in Mona, IJT The expansion requires the expenditure ot on new service equipment and would generate annual net cash inflows from reduced costs ot operations equal to per year for each ottne next 9 years. In year 9 the firm will also get back a cash low equal to the salvage value ot the equipment, which IS valued at $0.8 million. Thus, in year 9 the investment cash inflow totals Calculate the project's NPV using a discount rate ot 6 percent If the discount rate is 6 percent, then the project's NPV is (Round to the nearest dollar.)