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Citrus Company is considering a project with estimated annual net cash flows of $33,015 for six years that is estimated to cost $155,000. Citrus's cost
Citrus Company is considering a project with estimated annual net cash flows of $33,015 for six years that is estimated to cost $155,000. Citrus's cost of capital is 15 percent. Required: 1. 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. 2. Based on NPV, determine whether project is acceptable to Citrus. Complete this question by entering your answers in the tabs below. 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. Citrus Company is considering a project with estimated annual net cash flows of $33,015 for six years that is estimated to cost $155,000. Citrus's cost of capital is 15 percent. Required: 1. 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.) 2. Based on NPV, determine whether project is acceptable to Citrus. Complete this question by entering your answers in the tabs below. Based on NPV, determine whether project is acceptable to Citrus
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