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(Related to Checkpoint 11.1) (Net present value calculation) Dowing Sportswear is considering building a new factory to produce aluminum baseball bals. This project would require

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(Related to Checkpoint 11.1) (Net present value calculation) Dowing Sportswear is considering building a new factory to produce aluminum baseball bals. This project would require an initial cash outlay of $5,500,000 and would generate annual net cash inflows of $1,100,000 per year for 6 years Caleate the projects NPV using a discount rate of 5 percent If the discourt rate is 6 percent, then the projects NPV is $. Round to the nearest dolar)

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