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.$ Citrus's 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.

Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

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.)$

Note: Use appropriate factor$($s$)$ from the tables provided. Negative amounts should be indicated by a minus sign. Round your

final answer to $2$ decimal places.