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24) Kampgrounds Inc. is considering purchasing a parcel of wilderness land near a popular historic site. Although this land will cost Kampgrounds $400,000 today, by

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24) Kampgrounds Inc. is considering purchasing a parcel of wilderness land near a popular historic site. Although this land will cost Kampgrounds $400,000 today, by renting out wilderness campsites on this land, Kampgrounds expects to make $35,000 for 3 years and resell this land for $470,000 at the end of the year 3. If the appropriate discount rate is 8%, then what is the NPV of this new wilderness campsite project? And the IRR? Should Kampgrounds go ahead with this project and why? Use NPV and IRR to justify your answer. Show all calculations and results with 1 or 2 decimals. (3 points)

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