9. FastTrack Bikes is thinking of developing a new composite road bike. Development will take six years at a cost of $200,000 per year (starting at t=1). Once in production, the bike is expected to generate $300,000 per year for 10 years (starting at t=7). Assume the project is risk free and that the risk free rate is 10% per year, compounded annually. If all the cash flows are received or paid at the end of the year, calculate the value of this project in time t=0 dollars.