Calculate the net present value (NPV) for a 20-year project with an initial investment of $50,000 and a cash inflow of $8,000 per year. Assume that the firm has an opportunity cost of 16%. Comment on the acceptability of the project.

The project's net present value is $enter your response here. (Round to the nearest cent.)

Part 2

Is the project acceptable?(Select the best answer below.)