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)Dowling Sportswear is considering building a new factory to produce aluminium cricket bats. This project...

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Question

Finance

)Dowling Sportswear is considering building a new factory to produce aluminium cricket bats. This project would require an initial cash outlay of

$5,000,000

and would generate annual net cash inflows of

$1,000,000

per year for 8

years. Calculate the project's NPV using a discount rate of

9%.

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