Please use the following Present and Future Value Tables below as a resource to solving the assigned problems: Future Value of $1 Present Value of $1 Present Value of Ordinary Annuity Net present value The City of Brighton is studying a 550-acre site on Route 401 for a new landfill. The startup cost has been calculated as follows: Purchase cost: $400 per acre Site preparation: $180,000 The site can be used for 20 years before it reaches capacity. Brighton, which shares a facility in Bath Township with other municipalities, estimates that the new location will save $40,000 in annual operating costs. a. Should the landfill be acquired if Brighton desires an 8% return on its investment? Use the net-present-value method to determine your answer. 4. Net-present-value ABC Entertainment is considering the acquisition of a sight-seeing boat for summer tours along the Mississippi River. The following information is available: Cost of boat $550,000 Service life 10 summer seasons Disposal value at the end of 10 seasons $100,000 Capacity per trip 260 passengers Fixed operating costs per season (including straight-line depreciation) $160,000 Variable operating costs per trip $1,000 Ticket price $6 per passenger All operating costs, except depreciation, require cash outlays. On the basis of similar operations in other parts of the country, management anticipates that each trip will be sold out and that 130,000 passengers will be carried each season. Ignore income taxes. Instructions: By using the net-present-value method, determine whether ABC Entertainment should acquire the boat. Assume a 14% desired return on all investments,- round calculations to the nearest dollar.