= Homework: 3-1 MyFinanceLab Assignment Question 13, P11-1 (similar to) HW Score: 84%, 42 of 50 points X Points: 0 of 3 Save (Related to Checkpoint 11.1) (Net present value calculation) 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 7 years. Calculate the project's NPV using a discount rate of 5 percent. If the discount rate is 5 percent, then the project's NPV is $ (Round to the nearest dollar.)