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( NPV with vaying required rates of return ) Gubanich Sportswear is considering building a new factory to produce aluminum baseball bats. This project would

(NPV with vaying required rates of return) Gubanich Sportswear is considering building a new factory to produce aluminum baseball bats. This project would require an intial 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 retum of 7 percent
b. A required rate of return of 11 percent
c. A required rate of retum of 15 percent
d. A required rate of return of 17 percent
a. If the required rate of retum is 7 percent, the project's NPV is $,(Round to the nearest dollar.)
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