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Pine Village city council proposes to construct new recreation fields. Construction will cost $331,364 and annual O&M expenses are $85,488. The city council estimates that

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Pine Village city council proposes to construct new recreation fields. Construction will cost $331,364 and annual O\&M expenses are $85,488. The city council estimates that the value of added youth leagues is about $125,464 annually. In year 6 another $86,338 will be needed to refurbish the fields. The city council agrees to transform the ownership of the fields to a private company for $152,310 at the end of year 10 . - If the MARR for the Pine Village city is 6%, calculate the NPV of the new recreation fields project

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