Dowling Sportswear is considering building a new factory to produce aluminum baseball bats. This project would require an initial cash outlay of $6,000,000 and would generate annual net cash inflows of $900,000 per year for 6 years. Calculate the project's NPV using a discount rate of 8 percent.

Answer rating: 100% (QA)

NPV stands for Net Present Value and it is calculated as the differ... View the full answer