(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 generate annual net cash inflows of $1,200,000 per year for 9 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 $ - 2318279 (Round to the nearest dollar) Check Answer Enter your answer in the answer box and then click Check Answer Clear All All parts showing 110