Citrus Company is considering a project that has estimated annual net cash flows of $35,145 for eight years and is estimated to cost $165,000. Citruss cost of capital is 6 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.)

	Net Present Value

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

	Acceptable
	Unacceptable

--------

Blue Marlin Company is considering the purchase of new equipment for its factory. It will cost $259,000 and have a $51,800 salvage value in five years. The annual net income from the equipment is expected to be $31,080, and depreciation is $41,440 per year. Calculate Blue Marlins annual rate of return and payback period for the equipment. (Do not round intermediate calculations. Round your Payback Period to 2 decimal places.)

Annual Rate of Return		%
Payback Period		Years

-------

A project has estimated annual net cash flows of $62,000 and is estimated to cost $390,600. What is the payback period? (Round your answer to 2 decimal places.)

Payback Period

Years

--------

What is the accounting rate of return for a project that is estimated to yield total income of $369,000 over three years and costs $852,000? (Round your answer to 2 decimal places. (i.e. .1234 should be entered as 12.34%.))

Accounting Rate of Return

%