Sandhill Corporation is thinking about opening a soccer camp in Southern California to start the camp Sandhill would need to purchase land and build four soccer fields and a sleeping and dining facility to house 150 soccer players each year the camp would be run for eight sessions of one week each the company would hire college soccer players as coaches the camp attendees would be male and female soccer players ages 12 to 18 property values in Southern California have enjoyed a steady increase in value it is expected that after using the facility for 20 years Sandhill can sell the property for more than it was originally purchased for the following amounts have been estimated cost of land $330,000 cost to build soccer fields dorm and dining facility $660,000 annual cash inflows assuming 150 players and 8 weeks 1,0012,000 annual cash outflows $924,000 estimated useful life 20 years salvage value 1,650,000 discount rate 8%

Sandhill Corp. is thinking about opening a soccer camp in southern California. To start the camp. Sandhill would need to purchase land and build four soccer fields and a sleeping and dining facility to house 150 soccer players. Each year, the camp would be run for 8 sessions of 1 week each. The company would hire college soccer players as coaches. The camp attendees would be male and female soccer players ages 12-18. Property values in southem Califomia have enjoyed a steady increase in value. It is expected that after using the facility for 20 years, Sandhill can sell the property for more than it was originally purchased for. The following amounts have been estimated. Click here to view PV table. - Your answer is partially correct. Calculate the net present value of the project. (If the net present value is negative, use either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). Round answer to 0 decimal places, e.g. 125. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Net present value $ Should the project be accepted? The project be accepted. eTextbook and Media Your answer is partially correct. To gauge the sensitivity of the project to these estimates, assume that if only 125 players attend each week, annual cash inflows will be $885,500 and annual cash outflows will be $825,000. What is the net present value using these alternative estimates? (If the net present value is negative, use either a negative sign