1. You own a hotel and are considering adding a golf simulator for your guests to enjoy. You believe that the cost of the simulator will be offset by increased rates that your hotel can charge. If you have an 8% discount rate. What is the project's NPV?

   Year	Cash flow from the Golf Simulator
   0	($29,000)
   1	7,000
   2	15,000
   3	17,000

   		3,836.71
   		6,452.42
   		7,631.36
   		8,784.03
   		9,549.56