MPIUNILSS Coolplay Corp. is thinking about opening a soccer camp in southern California. To start the camp. Coolplay 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 mate 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, Coolplay can sell the property for more than it was originally purchased for. The following amounts have been estimated, Cost of land $300,000 Cost to build soccer fields, dorm and dining facility $600.000 Annual cash lodows assuming 150 players and 8 weeks 5920,000 Annual cash outflows $840,000 Estimated useful life 20 years Salvage value $1,500,000 Discount rate 89 Click here to view Pabite (a) Your answer is correct Calculate the represent value of the project if the present varieties thesive the number 45 or parentheses. 1451. Round on todecim 125. Fuck D to 7 8 Your answer is partially correct. To gauge the sensitivity of the project to these estimates, assume that if only 125 players attend each week anu cash low will be 5805,000 and cash outflows will be $750,000 What is the net present value using these alternative estimates? If the net present value is negative, use either engate sign preceding the number 1-45 or parentheses (45). Round answer to decimal placek 125. For calculation purposes, use 5 decimal places as displayed in the factor tube provided) s Net present value Should the project be accepted The project should be mad e Textbook and Media Ants of sor la Id 1) Co 9 8 7 o