Coolplay Corp. is thinking about opening a soccer camp in southem Califomia. To start the camp, Coolplay would need to purchase land and build four soccer fields and a sleeping and dining facility to house 150 soccer players. Each year, the camp would be run for B 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 southern California have enjoyed a steady increase in value. It is expected that after using the facility for 20 years, Coolplay can sell the property for more than it was originally purchased for. The following amounts have been estimated. Cost of land $303,000 Cost to build soccer fields, dorm and dining facility $606,000 Annual cash inflows assuming 150 players and 8 weeks $929,200 Annual cash outflows $848,400 Estimated useful life 20 years Salvage value $1,515,000 Discount rate 8% Click here to view the factor table. Calculate the net present value of the project. (If the net present value is negative, use either a negative sign preceding the number eg -45 or parentheses eg. (45). Round answer to O decimal places, eg. 125. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Net present value $ Question Part Scor -10.75 Assuming the original facts, what is the net present value if the project is actually riskier than first assumed and a 10% discount rate is more appropriate? (If the net present value is negative, use elther a negative sign preceding the number eg-45 or parentheses eg (45). Round answer to O decimal places, eg 125. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Net present value. $ Should the project be accepted? The project eTextbook and Media Question Part Score be accepted. --/0.75 Assume that during the first 5 years, the annual net cash flows each year were only $40,400. At the end of the fifth year, the company is running low on cash, so management decides to sell the property for $1,345,320. What was the actual internal rate of return on the project? (Round answer to O decimal places, eg. 13%. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Should the project be accepted? The project eTextbook and Media Question Part Score be accepted. -0.75 Assume that during the first 5 years, the annual net cash flows each year were only $40,400. At the end of the fifth year, the company is running low on cash, so management decides to sell the property for $1,345,320. What was the actual internal rate of return on the project? (Round answer to O decimal places, eg. 13%. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Actual internal rate of return % eTextbook and Media Question Part Score Save for Later --/0.75 Attempts: 0 of 5 used Submit