Corbin Company is considering a project with an initial investment of $599,00014. that is expected to produce cash inflows of $131,500 for ten years. Corbin's required rate of return is 14% 15. 16. What is the NPV of the project? What is the IRR of the project? Is this an acceptable project for Corbin? (Click on the icon to view the Present Value of $1 table.) (Click on the icon to view the Present Value of Annuity of $1 table.) 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.) Annuity PV Factor (1-14%, n-10) Net Cash Present Years Inflow Value 25248 599000 685919.00 1-10 Present value of annuity 131500 0.192 0 Investment Net 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.) Annuity PV factor The IRR of the project is 16. Is this an acceptable project for Corbin? This | an acceptable project for Corbin, because the NPV is tha n zero and the IRR is than Corbin's required rate of return