1. Dowling Sportswear is considering building a new factory to produce aluminium baseball bats. This project will require an initial cash outlay of $8,000,000 and will generate annual net cash inflows of $2,000,000 per year for six years. Calculate the project's NPV for each of the following discount rates: (8 marks) a. 9 percent b. 11 percent c. 13 percent d. 15 percent