Current Attempt in Progress 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 $ 661,800 Cost to build soccer fields, dorm and dining facility Annual cash inflows assuming 150 players and 8 weeks Annual cash outflows $ 1,014.760 $ 926,520 Estimated useful life 20 years Salvage value $1,654,500 Discount rate 8% Calculate the net present value of the project. (If the net present value is negative, use either a negative sign preceding the number eg. -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 e Textbook and Media Attempts: 0 of 2 used Submit Answer Save for Later