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 $780,000. 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: Your answer has been saved. See score details after the due date. The net present value. (For calculation purposes, use 5 decimal places as displayed in the factor toble provided. Round answer to O decimal ploces, es. 5,275.) Net present value Attempts: 1 of 1 used (b) The internal rate of return. (use the above table) (Round answer to O decimal ploces, eg. 15\%) Internal rate of return