BAM Co. is evaluating a project requiring a capital expenditure of $806,250. The project has an estimated life of 4 years and no salvage value. The estimated net income and net cash flow from the project are as follows: 
The company's minimum desired rate of return is 12%. The factors for the present value of $1 at compound interest of 12% for 1, 2, 3, and 4 years are 0.893, 0.797, 0.712, and 0.636, respectively.Determine (a) the average rate of return on investment and (b) the net present value.
Definitions:
Work Hours
The designated periods during which employees are expected to perform their job duties.
Life Control
The extent to which individuals feel they have control over their own life circumstances and outcomes.
Serial Entrepreneur
An individual who continuously comes up with new ideas and starts new businesses, rather than committing to one long-term project.
Elon Musk
An entrepreneur and business magnate known for founding and leading Tesla, Inc., SpaceX, and several other high-profile technology companies.
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