itrus Company is considering a project with estimated annual net cash flows of $$41,535$ for seven years that is estimated to cost $$195,000.$ Citrus$$s cost of capital is $12$ 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.