Question $4(12$ marks$)$

Capital budgeting

Cardinal Corporation Ltd$.$ is thinking about opening a baseball camp for teenagers in Pinedale. In order to start the camp, the company would need to purchase land, build five baseball fields, and a dormitory$-$type sleeping and dining facility to house $100$ players. Each year the camp would be run for $10$ sessions of $1$ week each. The company would hire college baseball players as coaches. The camp attendees would be baseball players age $12-18.$ Property values in Pineville have enjoyed a steady increase in value. It is expected that after using the facility for $20$ years, Schilling can sell the property for more than it was originally purchased for. The following amounts have been estimated:

$\backslash$table$[[$Initial investment, cost of land and cost to build dorm,$$2,700,000$