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Gallant Sports is considering the purchase of a new rock-climbing facility. The company estimates that the construction will require an initial outlay of $351,000. Other

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Gallant Sports is considering the purchase of a new rock-climbing facility. The company estimates that the construction will require an initial outlay of $351,000. Other cash flows are estimated as follows: (Click here to see present value and future value tables) A. Assuming the company limits its analysis to four years due to economic uncertainties, determine the net present value of the rock-climbing facility if the required rate of return is 8%. X B. Should the company develop the facility if the required rate of return is 8% ? The rock-climbing facility be developed. Feedback Check My Work Discount the cash flows using the appropriate table. Add together the cash flows after the factor has been applied. What does the final result indicate

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