(NPV with varying required rates of return​) Gubanich Sportswear is considering building a new factory to…

(NPV with varying required rates of return​) Gubanich Sportswear
is considering building a new factory to produce aluminum baseball
bats. This project would require an initial cash outlay of
​$5,000,000 and would generate annual free cash inflows of
​$1,100,000 per year for 8 years. Calculate the​ project’s NPV
​given:
a. A required rate of return of 7 percent
b. A required rate of return of 11 percent
c. A required rate of return of 13 percent
d. A required rate of return of 18 percent