Calculate the projects npv

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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 $1,200,000 per year for 7 years. Calculate the projects NPV using a discount rate of 7 percent.

If the discount rate is 7 percent, then the project's NPV is? Round to the nearest dollar.

Reference no: EM133061804

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