Dowling Sportswear is considering building a new factory to produce aluminum baseball bats. This project would require an initial cash outlay of $6,000,000 and would generate annual net cash inflows of $900,000 per year for 9 years. Calculate the project's NPV using a discount rate of 8 percent.If the discount rate is 8

percent, then the project's NPV is $_____?

(Round to the nearest dollar.)