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Citrus Company is considering a project with estimated annual net cash flows of $34,080 for seven years that is estimated to cost $160,000. Citrus's cost

image text in transcribedimage text in transcribed Citrus Company is considering a project with estimated annual net cash flows of $34,080 for seven years that is estimated to cost $160,000. Citrus's cost of capital is 20 percent. Required: 1. Determine the net present value of the project using Excel. 2. Based on NPV, determine whether project is acceptable to Citrus. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the net present value of the project using Excel. Note: Negative amounts should be indicated by a minus sign. Round your answer to 2 decimal places. Net Present Value Required: 1. Determine the net present value of the project using Excel. 2. Based on NPV, determine whether project is acceptable to Citrus. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Based on NPV, determine whether project is acceptable to Citrus. Project is acceptable to Citrus

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