Caifornia Company is considering a project whth an initial imvestment of $599,000 that is expected to produce cash inflows of $128,000 for eleven years. Calforria's required rate of retuen is 9% (Click on the icon to wew Present Valoe of $1 table.) (Click on the icon to vew Present Value of Oidinary Annuty of 51 table-) 14. What is the NPV of the project? 15. What is the IRR of the project? 16. Is this an acceptable project for Caifoma? 14. What is the NPV of the project? (Enter the factor amount to thee decimal places, x xox Round the present value of the anruity to the nearest whole dollar Use parenthieses of a minus siga for a negative ivet present value.) 15. What is 1se ifer of the project? Stant by calculating the Avmuty pV tactor (Enter the factor amount to three decamal places, x,00 ) The IFR of the propect is 16. Is this an acceptable project for Caldomia? This an acceptable project for Calfoma, because the MPV is than zeso and the IFR is than Celfornia's requed rate of refure Reference