(NPV

with varying required rates of

return)

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

8

percentb. A required rate of return of

12

percentc. A required rate of return of

15

percentd. A required rate of return of

16

percent

a. If the required rate of return is

8

percent, the project's NPV is

$nothing.

(Round to the nearest dollar.)