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Monty Corp. is thinking about opening a baseball camp in Florida. In order to start the camp, the company would need to purchase land, build
Monty Corp. is thinking about opening a baseball camp in Florida. In order to start the camp, the company would need to purchase
land, build five baseball fields, and a dormitorytype sleeping with a dining facility to house players. Each year the camp would be
run for sessions of week each. The company would hire college baseball players as coaches. The camp attendees would be
baseball players age Property values in Florida have enjoyed a steady increase in value. It is expected that after using the
facility for years, Monty can sell the property for more than the amount for which it was originally purchased. The following
amounts have been estimated:
Click here to view PV tables.
a
Calculate the net present value of the project. For calculation purposes, use decimal places as displayed in the factor
table provided. Round answer to decimal places, eg
Net present value $
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