Land-$300,000 Facilities-$600,000 Annual Cash Flow (150 Total yearly players' fee)-$920,000 Annual Cash Outflows-$840,000 Estimated Useful Life of the facilities-20 years Facilities Salvage Value-$ 1,500,000 Discount Rate- 8%

and Imagine that the camp has been running for five years. During those years, the annual net cash flows each year were only $40,000. The company is running low on cash, and management has decided to sell the property for $1,332,000.

Complete the following:

Recalculate the IRR of the project