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 000 comma 000

per year for each of the next

6

years. In year

6

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

6

the investment cash inflow totals

$4 comma 100 comma 000

.

Calculate the project's NPV using a discount rate of

8

percent.

Question content area bottom

Part 1

If the discount rate is

8

percent, then the project's NPV is

$.

(Round to the nearest dollar.)