Calculate the project npv using a discount rate

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(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 $4,000,000 and would generate annual net cash inflows of $900,000 per year for 9 years. Calculate the project's NPV using a discount rate of 8%.

If the discount rate is 8 percent, then the? project's NPV is $( ) (Round to the nearest dollar.)

Reference no: EM131575644

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