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M11-5 Calculating Net Present Value [LO 11-3] Citrus Company is considering a project that has estimated annual net cash flows of $21,300 for six years
M11-5 Calculating Net Present Value [LO 11-3] Citrus Company is considering a project that has estimated annual net cash flows of $21,300 for six years and is estimated to cost $100,000. Citrus's cost of capital is 8 percent. 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.) (Use appropriate factor(s) from the tables provided. Negative amount should be indicated by a minus sign. Round your final answer to 2 decimal places.) Net Present Value Based on NPV, determine whether project is acceptable to Citrus. OO Unacceptable Acceptable
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