(Related to Checkpoint 11.1) (Net present value calculation) Dowing Sportswear is considering building a new factory to produce aluminium baseball bols. The project would require an initial cash outlay of $4,000,000 and would generate annual net cash inflows of $900,000 per year for 7 years Calculate the project's NPV using a discount rate of 7 percent. If the discount rate is 7 percent, then the project's NPV is! (Round to the nearest dollar)