The Trojan Pizza Company is contemplating investing $1 million in four new outlets in Los Angeles. Andrew Lo, the firms chief financial officer (CFO), has estimated that the investments will pay out cash flows of $200,000 per year for nine years and nothing thereafter. (The cash flows will occur at the end of each year and there will be no cash flow after year 9.) Mr. Lo has determined that the relevant discount rate for this investment is 15 percent. This is the rate of return that the firm can earn at comparable projects.

The NPV of the four new outlets is _____.

Should the Trojan Pizza Company make the investments in the new outlets? Answer: _____.