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Pine Village city council proposes to construct new recreation fields. Construction will cost $ 3 0 0 , 4 3 5 and annual O&M expenses

Pine Village city council proposes to construct new recreation fields. Construction will cost $300,435 and annual O&M expenses are $80,797. The city council estimates that the value of added youth leagues is about $122,043 annually. In year 6 another $87,548 will be needed to refurbish the fields. The city council agrees to transform the ownership of the fields to a private company for $150,312 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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