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(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

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(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 $1,000,000 per year for 7 years. Calculate the project's NPV given: a. A required rate of return of 9 percent b. A required rate of return of 11 percent c. A required rate of return of 13 percent d. A required rate of return of 16 percent a. If the required rate of return is 9 percent, the project's NPV is $ (Round to the nearest dollar.)

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