Carson Trucking is considering whether to expand its regional service center in Mohab, UT. The expansion requires the ex

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Carson Trucking is considering whether to expand its regional
service center in Mohab, UT. The expansion requires the expenditure
of $11,000,000 on new service equipment and would generate annual
net cash inflows from reduced costs of operations equal to
$3,500,000 per year for each of the next 9 years. In year 9 the
firm will also get back a cash flow equal to the salvage value of
the equipment, which is valued at $0.8 million. Thus, in year 9 the
investment cash inflow totals $4,300,000. Calculate the project's
NPV using a discount rate of 10 percent. If the discount
rate is 10 percent, then the project's NPV is ____?