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Ivanhoe Company is considering a long-term investment project called ZIP. ZIP will require an investment of $135,200. It will have a usefull life of 4

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Ivanhoe Company is considering a long-term investment project called ZIP. ZIP will require an investment of $135,200. It will have a usefull life of 4 years and no salvage value. Annual cash inflows would increase by $79,700, and annual cash outflows would increase by $38,400. The company/s required rate of return is 8%. Click here to view the factor table. Calculate the net present value on this project. (ff the net present value is negative, use either a negative sian preceding the number es -45 or parentheses eg (45). Round present value answer to 0 decimal ploces, es. 125. For calculation purposes, use 5 decimal places as displayed in the foctor table provided) Net present value Whether this project should be accepted? The proiect should be

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