Dowling Sportswear is considering building a new factory to produce aluminum baseball bats. This project would…

Dowling Sportswear is considering building a new factory to
produce aluminum baseball bats. This project would require an
initial cash outlay of ​$5 comma 000 comma 0005,000,000 and would
generate annual net cash inflows of ​$1 comma 000 comma
0001,000,000 per year for 88 years. Calculate the​ project’s NPV
using a discount rate of 99 percent.