A company is investing in a solar panel system to reduce its electricity costs. The system requires a cash payment of $$106,274\mathrm{.}60$ today. The system is expected to generate net cash flows of $$11,019$ per year for the next $35$ years. The investment has zero salvage value.

The company requires an $9\%$ return on its investments.

$1-$a$.$ Compute the net present value of this investment. $($PV of $$1,$ FV of $$1,$ PVA of $$1,$ and FVA of $$1)($Use appropriate factor$($s$)$ from the tables provided. Round your present value factor to $4$ decimals.$)$

$1-$b$.$ Should the project be accepted?

Complete this question by entering your answers in the tabs below.

Required $1A$

Required $1$B

Compute the net present value of this investment.

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