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Swifty Corp, Is thinking about opening a soccer camp in southern California. To start the camp, Swifty would need to purchase land and build four

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Swifty Corp, Is thinking about opening a soccer camp in southern California. To start the camp, Swifty 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 southern California have enjoyed a steady increase in value. It is expected that after using the facility for 20 years, Swifty can sell the property for more than it was originally purchased for. The following amounts have been estimated Cost of land $ 330,900 Cost to build soccer fields, dorm and dining facility $ 661,800 Annual cash inflows assuming 150 players and 8 weeks $1,014,760 Annual cash outflows $ 926,520 Estimated useful life 20 years $1.654,500 Salvage value 8% Discount rate (c) Assuming the original facts, what is the net present value if the project is actually riskier than first assumed and an 10% discount rate is more appropriate? (If the net present value is negative, use either a negative sign preceding the numbereg.-45 or parentheses eg. (45). Round answer to decimal places, eg. 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

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