(Related to Checkpoint 11.1) (Net present value calculation) Dowling Sportswoar is considering building a new factory to produce aluminum baseball bats. This project would require an indtal cash outiay of \$4,000,000 and would generate annual net cash inflows of $900,000 por year for 7 years. Calculate the project's NPV using a discount rate of 7 percant. If the discount rate is 7 percent, then the project's NPV is : (Round to the nearest dollar.)