Name: s. The cost to replace Deer Park University's grass field with turf is $750,000. Because of problems with the current grass field, the university will receive a rebate of $200,000if it chooses to replace the grass field with an artificial surface. No existing equipment will be sold. Determine the initial cost of FieldTurf installation. Suppose the Watersprings Longhorns of the Arena Football League is considering replacing its grass field with turf. Suppose the estimated net earnings without the new project are $24.4 million. The additional revenue earned due to the turf installation would rise to $28 million. According to straight line depreciation, the additional depreciation is $33,000, with a corporate tax rate of 31%, what is the project's incremental cash flow? 9