Acme Corp is considering a project to increase production by expanding the production facility. The company will invest cash at the start of the project the invest in machines a training new employees in the following years while income from increased production is also received. The flowing values are the net cash inflow and outflows. Acme Corp uses a 14% rate of return. Calculate the Net Present Value for the project. Initial Cash Outlay at beginning of project Income at end of first year Income at end of second year -29,245 7,974 7,751 7,626 8,089 Income at end of third year Income at end of fourth year Use the values from the table below to discount the net cash flow values. The answer is calculated on these discount factors, using the calculator NPV function may result in a slightly different number that the problem will not count as correct. Only round the final answer to the nearest whole dollar amount. n 12% 13% 14% 15% 16% 1 year 0.8929 0.8850 0.8772 0.8696 0.8621 2 year 0.7972 0.7831 0.7695 0.7561 0.7432 3 year 0.7118 0.6931 0.6575 0.6750 0.5921 4 year 0.6355 0.6133 0.5718 0.6407 0.5523 0.4761 5 year 0.5674 0.5428 0.5194 0.4972 This problem is a variation of the example on page 286-287 Ch26