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Shilling Corp. is thinking about opening a baseball camp in Florida. In order to start the camp, the company would need to purchase land, build

Shilling Corp. is thinking about opening a baseball camp in Florida. 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 Florida have enjoyed a steady increase in value. It is expected that after using the facility for 20 years, Shilling can sell the property for more than it was originally purchased for. The following amounts have been estimated: Cost of land $630,000 Cost to build dorm and dining facility 2,100,000 Annual cash inflows assuming 100 players and 10 weeks 2,520,000 Annual cash outflows 2,260,000 Estimated useful life 20 years Salvage value 4,400,000 Discount rate 10% Present value of an annuity of 1 8.514 Present value of 1 0.149 (a) Calculate the net present value of the project. Net present value Save for Later $ EA Attempts: 0 o (b1) The parts of this question must be completed in order. This part will be available when you complete the pa (c) The parts of this question must be completed in order. This part will be available when you complete the pa

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