Checkpoint 11.1) (Net present value calculation) Dowing Sportswear is considering bulding a new factory to produce aluminum baseball bats. This project would require an initial cash outlay of $4,000,000 and would generate annual net cash inflows of $1,100,000 per year for 9 years. Calculate the project's NPV using a discount rate of 5 percent. If the discount rate is 5 percent, then the project's NPV is $ (Round to the noarest dollar.)