Q13

(Related to Checkpoint 11.1) (Net present value calculation) Dowling Sportswear is considering building a new tactory to produce aluminum basoball bats This profed would require an initial cash outlay of $4,000,000 and would generate annual net cash inllows of $1,100,000 per year for 9 yean Calculate the profects NPV using a dhoount rade of 3 percent. If the discount rate is 8 percent, then the project's NPV is 5 (Round to the nearest dollar)