William Bat became a baseball enthusiast at a very early age. All of his baseball experience has provided him valuable knowledge of the sport, and he is thinking about going into the batting cage butiness. He estimates the construction of a state$-$of$-$the$-$art building and the purchase of necessary equipment will cost $$688\mathrm{.}000.$ Both the facility and the equipment will be depreciated over $12$ years using the straight$-$line method and are expected to have zero salvage values. His required rate of retum is $9($present value factor of $7\mathrm{.}16073).$ Estimated arnual ret income is as follow:

Revenue

$$362500$

Les:

$\backslash$table$[[$Utility cost$,$$$42000,],[$Supplies$,$$$10,000,],[$Labor$,143,000,],[$Depreciation$,72000,],[$Other$,40,500,307,300],[$Net income,,$355,000]]$

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For this imvestment, calculate:

$($a$)$

Vour answer is incorrect.

The net present value. $($For caloulotion purposes, use $5$ decinal places as disployed in the factor table provided. Round answer to $0$ decimal places, es $5,275,$

Net present value $S$

Attempts: $2$ of $2$ used

$($b$)$

The intemal rate of retum $($use the above table.$)($Round answer to O decinal pilaces, es$.15\%)$

Internal rate of return $\%$