14. Colorado Company is considering a project with an initial investment of $597,000 that is expected to produce cash inflows of $131,500 for ten years. Colorado's required rate of return is 9%. (Click on the icon to view Present Value of $1 table.) 2 (Click on the icon to view Present Value of Ordinary Annuity of $1 table.) 15. 16. What is the NPV of the project? What is the IRR of the project? Is this an acceptable project for Colorado? 14. What is the NPV of the project? (Enter the factor amount to three decimal places, X.XXX. Round the present value of the annuity to the nearest whole dollar. Use parentheses or a minus sign for a negative net present value.) Net Cash Present Annuity PV Factor (i=9%, n=10) Years Inflow Value 1 - 10 Present value of annuity 0 Investment Net present value 15. What is the IRR of the project? Start by calculating the Annuity PV factor. (Enter the factor amount to three decimal places, X.XXX.) Annuity PV factor The IRR of the project is 16. Is this an acceptable project for Colorado? This Van acceptable project for Colorado, because the NPV is than zero and the IRR is than Colorado's required rate of return