7 of 10 < > 0.33/1 ! Elijah Bat became a baseball enthusiast at a very early age. All of his baseball experience has provided him valuable knowledge of the sport, and he is thinking about going into the batting cage business. He estimates the construction of a state-of-the-art building and the purchase of necessary equipment will cost $872,000. Both the facility and the equipment will be depreciated over 12 years using the straight-line method and are expected to have zero salvage values. His required rate of return is 9% (present value factor of 7.16073). Estimated annual net income is as follows: Revenue Less: Utility cost $42,500 Supplies $10,500 Labor 143,500 Depreciation 72,500 Other $365,500 41,000 310,000 Question 7 of 10 < > Net income Click here to view PV tables. For this investment, calculate: (a) Your answer is correct. 0.33/1 E $55,500 The net present value. (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answer to O decimal places, e.g. 5,275.) Net present value $ 44573 Question 7 of 10 < > 0.33/1 The internal rate of return. (use the above table.) (Round answer to O decimal places, e.g. 15%.) Internal rate of return eTextbook and Media Save for Later de % Attempts: 0 of 5 used Submit Answer (c) The parts of this question must be completed in order. This part will be available when you complete the part above