Novak Corp. is thinking about opening a soccer camp in southern California. To start the camp, Novak would need to purchase land and build four soccer fields and a sleeping and dining facility to house 150 soccer players. Each year, the camp would be run for 8 sessions of 1 week each. The company would hire college soccer players as coaches. The camp attendees would be male and female soccer players ages 1218. Property values in southern California have enjoyed a steady increase in value. It is expected that after using the facility for 20 years, Novak can sell the property for more than it was originally purchased for. The following amounts have been estimated. Cost of land $301,500 Cost to build soccer fields, dorm and dining facility $603,000 Annual cash inflows assuming 150 players and 8 weeks $924,600 Annual cash outflows $844,200 Estimated useful life 20 years Salvage value $1,507,500 Discount rate 8% Click here to view PV table. Calculate the net present value of the project. (If the net present value is negative, use either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). Round answer to 0 decimal places, e.g. 125. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Net present value $ Should the project be accepted? The project be accepted. To gauge the sensitivity of the project to these estimates, assume that if only 125 players attend each week, annual cash inflows will be $809,025 and annual cash outflows will be $753,750. What is the net present value using these alternative estimates? (If the net present value is negative, use either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). Round answer to 0 decimal places, e.g. 125. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Net present value $ Should the project be accepted? The project be accepted. Assuming the original facts, what is the net present value if the project is actually riskier than first assumed and an 10% discount rate is more appropriate? (If the net present value is negative, use either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). Round answer to 0 decimal places, e.g. 125. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Net present value $ Should the project be accepted? The project be accepted.