(Related to Checkpoint 11.11 (Net present value calculation) Dowing Sportswear is considering building a new factory to produce aluminum baseball bats. This project would require an initial canh outlay of $4,000,000 and would generate anualne cash inflows of $1,100,000 per year for years Calculate the project's NPV using a discount rate of 8 percent of the discount rate is 8 percent, then the project's NPV) (Round to the nearest dolar)