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Citrus Company is considering a project that has estimated annual net cash flows of $36,210 for nine years and is estimated to cost $170,000. Citrus's

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Citrus Company is considering a project that has estimated annual net cash flows of $36,210 for nine years and is estimated to cost $170,000. Citrus's cost of capital is 7 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 factorts) 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 Acceptable 44 05 81 76 96 45 31 05256856. 90 14 31 00 90 79 56 65 74 01 31 05 51 04 3 23 38 07 60 08 12 16 2 2 3 36 42 1611 4 25 04 123568 2412771 81 50 16 86 71 80 26 19 74 1124 01234567891 20 n 01234567891 20 20 9 7 2 9 8 2 45 1110 14 % 0000 0. 1 .0000000000 78 74 71 67 64 61 37 0000000 0. 0 0 0 87 76 67 59 51 5 35 30 26 07 72 18 55 74 66 23 39 06 20 37 2 89 86 83 80 7 4 1 69 47 00000000000 11 98 73 65 59 53 48 43 3 156514 64 41 37 00000000000 1 1 12345678900 1234567891 20 9 21235815 %| 000 700 199 999 sor sse sad sse 994796 20-12 3 5 7 9 2 6 05 123457801 12345689136 1.1 2 3 4 6 8136 25 01 56 19 20 91 66 79 12345689123 1-1234681369 91 2 42-. 0 1 2 4 6 9 2 6 15 13-1 n % 00 75 39 07 93 14 86 26 50 78 74 12345679010 1 1 2 3 4 6 7 9146 954 1346814 1234567801 - 1234679135 26 5 3 12345678904 24 12345791351 pa 2 8900 od 1 2 3 4 5 6 7 8 9 00 TABLE 11.4A Present Value of Annuity of $1 Periods* 3.75% 4.25% 0.9592 2.8839 2.8286 2.7883 2.7751 2.7620 2.7232 2.6730 2.6243 2.5771 0.9639 0.9804 1.9416 0.9615 1.8861 0.9524 0.9346 0.9259 1.9135 3.8077 4.7135 5.6014 6.4720 7.3255 8.1622 8.9826 3.6514 4.4518 5.2421 6.0021 6.7327 3.4651 4.2124 4.9173 5.5824 3.3872 3.3121 4.1002 3.992 4.7665 5.3893 5.2064 5.9713 5.7466 6.5152 6.2469 7.0236 67101 4.4207 5.1997 5.9470 5.4172 5.2851 6.0579 5.0757 5.7864 .0197 7.7861 7.3513 8.0109 6.351414.8775 13.8962 13.5903 13.2944 12.4622 11.469910.5940 9.8181 7.1078 7.7217 6.8017 7.3601 8.2128 8.1109 20 9% 0.9174 1.7591 14% 25% 0.8550 16681 25313 24869 2.4437 24018 2.3612 2.3216 2.2832 2.1065 1.9520 2.9745 3.5172 3.9975 0.9091 0.8929 0.8772 0.8333 1.5278 1.7125 1.6901 3.0373 4.1114 4.9676 5.6502 1.6257 3.1024 3.6959 2.9137 3.4331 2.3616 4.4859 5.0330 .5348 28550 3.3522 3.7845 4.1604 4.4873 3.3255 3.6046 3.8372 2.9514 3.1611 4.7122 5.1461 4.7988 5.7590 5.5370 5.3282 5.1317 4.9464 4.7716 4.0310 5.4262 5.3349 4.1925 5.2161 6.6231 3.5705 6.4177 9.1285 5.8892 7.9633 50188 20 8.5136 7.4694 There is one payment each period

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