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Dowling Sportswear is considering building a new factory to produce aluminum baseball bats. The project would require initial cash outlay of $6,000,000 and would generate

Dowling Sportswear is considering building a new factory to produce aluminum baseball bats. The project would require initial cash outlay of $6,000,000 and would generate annual net cash inflows of $1,100,000 per year for 9 years. Calculate the projects NPV using a discount rate of 8 percent.

If the discount rate is 8 percent, then the project's NPV is $___.

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