Dowling Sportswear is considering building 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$?$