QUESTION

"The owners of a chain of fast$-$food restaurants spend $$1,000,000$ installing donut makers in all their restaurants. This is expected to increase cash flows by $$300,000$ per year for the next $4$ years. The discount rate is $9\%.$ What is the net present value of installing the donut makers?"" Note: Express your answers in strictly numerical terms. For example, if the answer is $$500,$ write enter $500$ as an answer."