Outdoor sports is considering having a putt putt golf course... the rest please see the image.

Please show your work, show how you calculated PV, and label your acronyms (e.g. PV =present value). Thanks!

Explanation 6 Outdoor Sports is considering adding a putt putt golf course to its facility. The course would cost $171,000, would be depreciated on a straight-line basis over its 4-year life, and would have a zero salvage value. The sales would be $98,400 a year, with variable costs of $27.900 and fixed costs of $12.500. In addition, the firm anticipates an additional $19,300 in revenue from its existing facilities if the putt putt course is added. The project will require $3,100 of net working capital, which is recoverable at the end of the project. What is the net present value of this project at a discount rate of 15 percent and a tax rate of 34 percent? 0/10 points awarded Scored eBook Multiple Choice References $14,825 $21,542