$($Net present value$$ calculation$)$Carson Trucking is considering whether to expand its regional service center in$$ Mohab, UT$.$ The expansion requires the expenditure of $$$$11$ comma $000$ comma $000$ on new service equipment and would generate annual net cash inflows from reduced costs of operations equal to $$$$3$ comma $500$ comma $000$ per year for each of the next $7$ years. In year $7$ the firm will also get back a cash flow equal to the salvage value of the$$ equipment, which is valued at $$$$1\mathrm{.}2$ million. $$ Thus, in year $7$ the investment cash inflow totals $$$$4$ comma $700$ comma $000.$ Calculate the$$ project's NPV using a discount rate of $10$ percent.