Q14

(Not prenent value calculation) Carson Trucking is considering whether to expand its regional sarvice canter in Mohab, UT. The expansion regures the axponditure of 59.500. p00 on naw sarvice equipment and would gonerate angial nel cash inflows froen reduced costs of operabons oqual to $2.000,000 per year for tech of the next 7 years in ye it 7 the frrm will alse get back a cash flow equal to the salvage value of the equipment, which is valued at $1.1 million. Thus, in year 7 the investment cash inflow tatals $3,100,000. Calculate the projects NPV using a discount rate of 6 percent If the discount rate is 6 percent, then the projects NPV is ? (Round to the nearest dollac)