Homework: Chapter 11 Homework Save Score: 0 of 2 pts 1 of 5 (0 complete) HW Score: 0%, 0 of 10 pts P11-1 (similar to) Question Help e (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 $4,000,000 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. If the discount rate is 5 percent, then the project's NPV is $ (Round to the nearest dollar.)