Calculate the? project npv using 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 ?$5,500,000 and would generate annual net cash inflows of ?$1,200,000 per year for 7 years. Calculate the? project's NPV using a discount rate of 7 percent.

If the discount rate is 7 ?percent, then the? project's NPVis ?$ ___________?(Round to the nearest? dollar.)

Reference no: EM133061350

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