2. (Net present value calculation)Carson Trucking is considering whether to expand its regional service center in Mohab, UT. The expansion requires the expenditure of $9,000,000 on new service equipment and would generate annual net cash inflows from reduced costs of operations equal to $2,000,000 per year for each of the next 6 years. In year 6 the firm will also get back a cash flow equal to the salvage value of the equipment, which is valued at $1 million. Thus, in year 6 the investment cash inflow totals 3,000,000. 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 $___.

(Round to the nearest dollar.)

7. MIRR calculation)Emily's Soccer Mania is considering building a new plant. This project would require an initial cash outlay of $10 million and would generate annual cash inflows of $3 million per year for years one through four. In year five the project will require an investment outlay of $5 million. During years 6 through 10 the project will provide cash inflows of $5 million per year. Calculate the project's MIRR, given a discount rate of 10 percent. The MIRR of the project with a discount rate of 10% is _