$($Net present value$$ calculation$)$Dowling Sportswear is considering building a new factory to produce aluminum baseball bats. This project would require an initial cash outlay of $$$$6$ comma $000$ comma $000$ and would generate annual net cash inflows of $$$$900$ comma $000$ per year for $6$ years. Calculate the$$ project's NPV using a discount rate of $5$ percent.

Question content area bottom

Part $1$

If the discount rate is $5$percent$,$ then the$$ project's NPV is $$$

$$

enter your response here. $($Round to the nearest$$ dollar.$)$