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Current Attempt in Progress Crane Corp. is thinking about opening a soccer camp in southern California. To start the camp, Crane would need to purchase

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Current Attempt in Progress Crane Corp. is thinking about opening a soccer camp in southern California. To start the camp, Crane would need to purchase land and build four soccer fields and a sleeping and dining facility to house 150 soccer piayers. Eoch 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 southern California have enjoyed a steady increase in value. It is expected that after using the facility for 20 years, Crane can sell the property for more than it was originally purchased for. The following amounts have been estimated. Cost of land Cost to build soccer fields, dorm and dining facility Annual cash inflows assuming 150 players and 8 weeks Annual cashoutflows Estimated useful life Salvage value Discount rate $303.000 $606,000 $929.200 $848,400 20 years $1,515,000 8% Click here to view PV table. (a) Calculate the net present value of the peoject. (ff the net present value is negotive, use either a negotive sian preceding the number es -45 or parentheses eg. (45). Round answer to 0 decimal ploces, es. 125. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Netpresent value (a) Cakulate the net present value of the project, (ff the net present value is negotive, use either a negative sign preceding the number ag -45 or parentheseses. (45). Round answer to 0 decimal places, eg. 125. For colculation purposes, use 5 decimal places as displayed in the foctor table provided) Net present value Should the project be accepted? The project be accepted. Attempts: 0 of 2 used Using multiple attempts will impact vour scare. 10x score reduction after attempt 1 (b) The parts of this question inust be completed in order. This part will be available when you complete the part abown: (c) (d1)

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