Citrus Company is considering a project that has estimated annual net cash flows of $40,470 for six years and is estimated to cost $190,000. Citruss cost of capital is 11 percent. Determine the net present value of the project. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) (Use appropriate factor(s) from the tables provided. Negative amount should be indicated by a minus sign. Round your final answer to 2 decimal places.)

Based on NPV, determine whether project is acceptable to Citrus.

• Unacceptable

• Acceptable