$($Related to Checkpoint$5\mathrm{.}4)($Present$-$value comparison$)$You are offered $$$$100$ comma $000$ today or $$$$300$ comma $000$ in $13$ years. Assuming that you can earn $11$ percent on your$$ money, which should you$$ choose?

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Part $1$

If you are offered $$$$300$ comma $000$ in $13$ years and you can earn $11$ percent on your$$ money, what is the present value of $$$$300$ comma $000?$

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enter your response here$($Round to the nearest$$ cent.$)($Net present value calculation$)$ Carson Trucking is considering whether to expand its regional service center in Mohab, UT$.$ The expansion requires the expenditure of

$$11,000,000$ on new service equipment and would generate annual net cash inflows from reduced costs of operations equal to $$3,000,000$ 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 $$0\mathrm{.}9$ million. Thus, in year $6$ the investment cash inflow totals

$$3,900,000.$ Calculate the project's NPV using a discount rate of $8$ percent.

If the discount rate is $8$ percent, then the project's NPV is $

$($Round to the nearest dollar.$)$