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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 $5,500,000 and would
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
9
years. Calculate the project's NPV using a discount rate of
5
percent.
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