Comell Company is considering a project with an initial investment of $596,500 that is expected to produce cash inflows of $125,000 for nine years. Comell's required rate of return is 12% (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 Cornell? m) 14. What is the NPV of the project? (Enter the factor amount to three decimal places, XXXX 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 1-9 Present value of annuity Investment Net Cash Inflow Annuity PV Factor (-12%, n=9) Present Value Net present value 15. What is the IRR of the project? Start by calculating the Annuity PV tactor (Enter the factor amount to three decimal places. XXXXX) The IRR of the project is 16. is this an acceptable project for Come? This Annuity PV factor an acceptable project for Comell, because the NPV is than zero and the It is than Comer's required rate of retum