(Related to Checkpoint 11.1) (Net present value calculation) Dowing Sportswear is considering building a new factory to produce aluminum baseball bats. This project would require an initial cash cutlay of $6,000,000 and would generate annual net cash infiows of $1,100,000 per year for 9 years. Calculate the project's NPV using a discount rate of 5 percent. If the discount rate is 5 percent, then the projects NPV is 5 (Round to the nearest dollar)