CoursHeroTranscribedText: (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 $4,000,000 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 $1.1 million. Thus, in year 9 the inwestmont cash inNow totals $5.100,000. Calculate the project's NPV using a discount rate of 8 percent If the discount rate is 8 percent, then the project's NPV $ $ . (Round to the nearest dollar.)