CALCULAIOR FULL SCREEN PRINTER VERSION BACK NEXT Problem 12-5A d lany corp. isthinking about orening a soccer camp in southern Calfornia. To start the camp, Coololay nould need to purchase land and build tou soccer feld untastecion to purchase land and build four soccer fields and a sleeping to house 150 soccer players. Each year, the camp would be run for 8 sessions of 1 week each. The company would hire college soccer players as coaches. The camp attendees would be male and female soccer players ages 12-18. Property values in the facility for 20 years, Coolplay can sell the Cost of land Cost to build soccer fields, dorm and dining facility Annual cash inflows assuming 150 players and B weeks Annual cash outflows Estimated useful life Salvage value Discount rate southern California have enjoyed a steady increase in value. It is expected that after using e property for more than it was originally purchased for. The following amounts have been estimated. it was originally purchased $300,600 $601,200 $921,840 $841,680 20 years 1,503,000 8% Calculate the net present value of the project. (If the net present value is negative, use either a negative sion preceding t he number eg 45 or parentheses eg (45) Round ansiwer to O decimal places, e.. 125. For calculation purposes, use 5 decimal places as displaved in the factor table provided) Net present value s Should the project be accepted? The project be accepted 941 PM ! o searchh