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(Related to Checkpeint 11:1) (Not present value caleulation) Dowing Sportawnar is considecing bulding a new factory bo produce aluminum basebal baks. Thia project would require

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(Related to Checkpeint 11:1) (Not present value caleulation) Dowing Sportawnar is considecing bulding a new factory bo produce aluminum basebal baks. Thia project would require an inital cash oullay of $5,500,000 and would generale annual not cash infows of 5900,000 per year for 9 years. Caloulate the projects NPV using a discount rate of 7 percent. If the discount case is 7 percont, then the projects NPV in 5 (Round to the nearest dollar)

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