(Related to Checkpoint 11.1) (Net present value calculation) Dowling Sportswear is considering building a new factory to produce aluminum baseball bats. This project would require an initial cash outlay of $5,500,000 and would generato annual net cash inflows of $1,100,000 per year for 7 years. Calculato the projects NPV using a discount rate of 5 percent If the discount rate is 5 percent, then the project's NPV is $(Round to the nearest dollar)