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Dowling Sportswear is considering building a new factory to produce aluminum baseball bats. This project would require an initial cash outlay of $ 5 comma

Dowling Sportswear is considering building a new factory to produce aluminum baseball bats. This project would require an initial cash outlay of $5 comma 500 comma 000 and would generate annual net cash inflows of $900 comma 000 per year for 7 years. Calculate the project's NPV using a discount rate of 5 percent.

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