Gubanich Sportswear is considering building a new factory to produce aluminum baseball bats. This project would require an initial cash outlay of $$$$5,000,000$ and would generate annual free cash inflows of $$$$1,200,000$ per year for $8$ years. Calculate the$$ project's NPV $$given:

a$.$ A required rate of return of $9$ percent

b$.$ A required rate of return of $10$ percent

c$.$ A required rate of return of $14$ percent

d$.$ A required rate of return of $16$ percent