Carson Trucking is considering whether to expand its regional service center in​ UT. The expansion requires the expenditure of​$10,500,000 on new service equipment and would generate annual net cash inflows from reduced costs of operations equal to ​$3,500,000 per year for each of the next 9 years. In year 9 the firm will also get back a cash flow equal to the salvage value of the​ equipment, which is valued at ​$0.9 million. ​ Thus, in year 9 the investment cash inflow totals ​$4,400,000.Calculate the​ project's NPV using a discount rate of 7 percent.
If the discount rate is 7 ​percent, then the​ project's NPV is ​$