$($Net present value calculation$)$ Carson Trucking is considering whether to expand its regional service center in Mohab, UT$.$ The expansion requires the expenditure of $$10,500,000$ 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 $7$ years. In year $7$ the firm will also get back a cash flow

equal to the salvage value of the equipment, which is valued at $$1\mathrm{.}1$ million. Thus, in year $7$ the investment cash inflow totals $$4,600,000.$ 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 $$,($Round to the nearest dollar.$)$