Dowling Sportswear is considering building a new factory to produce aluminum baseball bats. This project would require an initial cash outlay of $4,000,000 and would generate annual net cash inflows of $900,000 per year for 7 years. Calculate the project's NPV using a discount rate of 5 percent. (Round to the nearest dollar.)

 a. If the discount rate is 5 percent, then the project's NPV is:  $9,207,736(my answer) $1,207,736 (course hero answer). I used two different ways of getting my answer and they matched. I can't seem to get the course hero answer.  

I used this: sNPV=4,000,000+(900,000/(1+.05)1)+ (900,000/(1+.05)2)+(900,000/(1+.05)3)+ (900,000/(1+.05)4)+(900,000/(1+.05)5)+(900,000/(1+.05)6)+(900,000/(1+.05)7)

and =NPV(0.05,900000,900000,900000,900000,900000,900000,900000)+4000000 in excel