(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 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 $1.1 million. Thus, in year 7 the investment cash inflow totals $5,100,000. Calculate the project's NPV using a discount rate of 6 percent. If the discount rate is 6 percent, then the project's NPV is $ (Round to the nearest dollar.) (Related to Checkpoint 5.6) (Solving for i ) You are considering investing in a security that will pay you $1,000 in 33 years. a. If the appropriate discount rate is 8 percent, what is the present value of this investment? b. Assume these investments sell for $154 in return for which you receive $1,000 in 33 years. What is the rate of return investors earn on this investment if they buy it for $154 ? a. If the appropriate discount rate is 8 percent, the present value of this investment is $. (Round to the nearest cent.) b. The rate of return investors can earn on this investment if they buy it for $154 is \%. (Round to two decimal places.)