Bramble Corporation, which operates an amusement park, is considering a capital investment in a new ride. The ride would cost $134,000 and have an estimated useful life of 5 years. The park will sell it for $68,000 at that time. (Amusement parks need to rotate rides to keep people interested.) The ride will be expected to increase net annual cash flows by $24,100. The company's borrowing rate is 8%. Its cost of capital is 10%. Click here to view the factor table. Calculate the net present value of this project to the company. If the net present value is negative, use either a negative sign preceding the number e.g. 45 or parentheses e.g. (45). For calculation purposes, use 5 decimal places as displayed in the factor table provided, eg. 1.25124. Round present value answer to 0 decimal places, e.g. 125.) Splish Company is considering a long-term investment project called ZIP. ZIP will require an investment of $130,000. It will have a useful life of four years and no salvage value. Annual cash inflows would increase by $79,000, and annual cash outflows would increase by $39,200. In addition, the company's required rate of return is 9%. Click here to view the factor table. (a) Calculate the net present value on this project. (If the answer is negative, use either a negative sign preceding the number e.g. 5,275 or parentheses e.g. (5,275). For calculation purposes, use 5 decimal places as displayed in the factor table provided, e.g. 1.25124 and final answer to 0 decimal places, e.g. 5,275.) Net presentvalue \$ Calculate the internal rate of return on this project. (Round answer to 1 decimal place, e. 5.2% ) Internal rate of return % Identify whether the project should be accepted or rejected. eTextbook and Media