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Score: 0 of 1 pt 1 of 6 (0 complete) HW Score: 0%, 0 of 14 pts P11-1 (similar to) Question Help (Related to Checkpoint

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Score: 0 of 1 pt 1 of 6 (0 complete) HW Score: 0%, 0 of 14 pts P11-1 (similar to) Question Help (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 $1,100,000 per year for 9 years. Calculate 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)

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