Smith Good Deeds Society is considering a 4-year investment opportunity with the following cash flows: If Smith uses an annual discount rate of 8 percent, should it pursue the investment? Show...

Smith Good Deeds Society is considering a 4-year investment opportunity with the following cash flows:

If Smith uses an annual discount rate of 8 percent, should it pursue the investment? Show calculations to support your answer.

Duncombe Village Golf Course is considering the purchase of new equipment that will cost $1,250,000 if purchased today and will generate the following cash disbursements and receipts. Should Duncombe pursue the investment if the cost of capital is 8 percent? Why?