PA11. LO 11.5 Gallant Sports is considering the purchase of a new rock-climbing facility. The company estimates that the construction will require an initial outlay of $350,000. Other cash flows are estimated as follows: Assuming the company limits its analysis to four years due to economic uncertainties, Getermine the net present value of the rock-climbing facility. Should the company develop the facility if the required rate of return is 6% ? (Here is a link to a PV of a lump sum table that includes a 6% column. https://www.accountingtools.com/articles/2017/5/17/present-value-of-1-table) Solution The rock-climbing facility be developed as the investment's return will generate than the 6% reauired rate of return