Use the following information for questions 33-35: 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 to house 100- players. Each year the camp would be run for 10 sessions of 1-week each. Shilling uses straight-line depreciation. 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 (land and dorm facility) for more than it was originally purchased for. The following amounts related to the camp have been estimated: PV of 1 Annuity @ 10%, at 10% Cost of land $630,000 20 for 20 periods periods Cost of dorm 2,100,000 14864 8.51356 facility & fields Annual cash 2,520,000 inflows Annual cash 2,205,000 outflows Estimated useful life 20 years Salvage value of 1,000,000 dorm facility Estimated value of 3,400,000 land in 20-years Discount rate 10% Question 33 3 pts Compute the cash payback period for the initial investment required to start the camp. Round final answer to two decimal points. 3 pts Question 34 Compute the annual rate of return. Enter your answer as a percentage and round to two decimal points (ie., 5.23%) Calculate the net present value of the project (you may use a financial calculator or the present value tables; rounding will be accounted for during the grading process):