Colorado Company is considering a project with an initial investment of $597,000 that is expected to produce cash inflows of $129,500 for ten years. Colorado's required rate of return is 16%. (Click on the icon to view Present Value of $1 table.) (Click on the icon to view Present Value of Ordinary Annuity of $1 table.) 14. What is the NPV of the project? 15. What is the IRR of the project? 16. Is this an acceptable project for Colorado? COTED 14. What is the NPV of the project? (Enter the factor amount to three decimal places, X.XXX. Round the present value of the annuity to the nearest whole dollar. Use parentheses or a minus sign for a negative net present value.) Years Net Cash Inflow 1-10 Present value of annuity 0 Investment Net present value Annuity PV Factor (-16%, n=10) Present Value 15. What is the IRR of the project? Start by calculating the Annuity PV factor. (Enter the factor amount to three decimal places, X.XXX.) The IRR of the project is 16. Is this an acceptable project for Colorado? This Annuity PV factor an acceptable project for Colorado, because the NPV is than zero and the IRR is than Colorado's required rate of return.