P11-1 (similar to) I Question Help (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 $5,500,000 and would generate annual net cash inflows of $1,200,000 per year for 9 years. Calculate the project's NPV using a discount rate of 7 percent. of the discount rate is 7 percent, then the project's NPV is (Round to the nearest dollar) Enter your answer in the answer box and then click Check Answer All parts showing Clear A Check