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Citrus Company is considering a project with estimated annual net cash flows of $32,000 for six years that is estimated to cost $150,000. Citruss cost

Citrus Company is considering a project with estimated annual net cash flows of $32,000 for six years that is estimated to cost $150,000. Citruss cost of capital is 8 percent. Required: 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.) Based on NPV, determine whether project is acceptable to Citrus.

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