11/10721 3:31 MV Question 13, P11-1 (sim... HW Score: 26%, 13 of 50 points O Points: 0 of 3 Save (Related to Checkpoint 11.1) (Net present value calculation) Dowling Sportswear is considering building a new factory to produce aluminum baseball bats. This project would require an initial cash outlay of $5,500,000 and would generate annual net cash inflows of $1,100,000 per year for 7 years. 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)