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

$1,100,000

per year for

7

years. Calculate the project's NPV given:a. A required rate of return of

9

percentb. A required rate of return of

12

percentc. A required rate of return of

14

percentd. A required rate of return of

16

percent

a. If the required rate of return is

9

percent, the project's NPV is

$enter your response here.

(Round to the nearest dollar.) b. If the required rate of return is

12

percent, the project's NPV is

$enter your response here.

(Round to the nearest dollar.) c. If the required rate of return is

14

percent, the project's NPV is

$enter your response here.

(Round to the nearest dollar.) d. If the required rate of return is

16

percent, the project's NPV is

$enter your response here.

(Round to the nearest dollar.)