Lucas 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 $935,000. 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: Revenue Less: $413,500 Utility cost $50,500 Supplies $18,500 Labor 151,500 Depreciation 80,500 Other 49,000 350,000 Net income $63,500 Click here to view PV tables For this investment, calculate