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MC algo 10-34 Cash Flows And NPV Outdoor Sports is considering adding a putt-putt golf course to its facality. The course would cost $175,000, would

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MC algo 10-34 Cash Flows And NPV Outdoor Sports is considering adding a putt-putt golf course to its facality. The course would cost $175,000, would be depreciated on a straight-line basis over its 5 -year life, and would have a zero salvage value. The sales would be $88,000 a year, with variable costs of $27,800 and fixed costs of $12,400. In addition, the firm anticipates an additional $18,500 in revenue from its existing facilities if the putt putt course is added. The project will require $3.000 of net working capital, which is recoverable at the end of the project. What is the net present vahe of this project at a discount rate of 10 percent and a tax rate of 21 percent

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