According to the experts, the loss has been caused by the poor performance of the equipment in the factory. They suggest to the board of directors to replace the old equipment by new ones. Considering following information, the board of directors asks you to evaluate this project for the company. The new equipment would increase the level of production and allow the company to avoid this loss entirely, but there is no projection concerning any profit. The purchase (including the installation) of the new equipment requires an initial investment for an amount of 8 000 000$. The old equipment can be sold in the beginning of project on the market for 500 000$ (For simplification, consider this amount as an exchange value)