Question: Time left 0:34:52 GENERAL INSTRUCTIONS: ENTER YOUR ANSWER WITHOUT THE $ SIGN AND COMMA, BUT FORMATTED IN DOLLARS ROUNDED TO THE NEAREST DOLLAR, for instance

Time left 0:34:52 GENERAL INSTRUCTIONS: ENTER
Time left 0:34:52 GENERAL INSTRUCTIONS: ENTER YOUR ANSWER WITHOUT THE $ SIGN AND COMMA, BUT FORMATTED IN DOLLARS ROUNDED TO THE NEAREST DOLLAR, for instance if you compute $69,209.64?8 then ENTER 69290 AS YOUR ANSWER. DO NOT ROUND IN YOUR CALCULATION STEPS (use calculator memory functions) TO AVOID ROUNDING ERRORS. There is a little bit of tolerance built into acceptingfrejecting your answer, but if you round in your intermediate calculations you may be too far off. Prime Petroleum Inc. is considering an acquisition of a new production facility in order to expand production of its main product, a gasoline additive Gas Gain. The cost of construction {first cost} is $9,000,000. The annual operating cost is projected to be $800,000. The facility will be liquidated in 21 years, resulting in a salvage value inow of $3,000,000. Assuming IvIARR of 1 1%, compute the annual worth ofthe project's cash flows, and type in your answer expressed as a cost [do not include negative sign with your answer)

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