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M11-6 (Algo) Calculating Net Present Value [LO 11-3] Citrus Company is considering a project with estimated annual net cash flows of $29,820 for ten
M11-6 (Algo) Calculating Net Present Value [LO 11-3] Citrus Company is considering a project with estimated annual net cash flows of $29,820 for ten years that is estimated to cost $140,000. Citrus's cost of capital is 12 percent. Required: 1. 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.) 2. Based on NPV, determine whether project is acceptable to Citrus. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 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.) Note: Use appropriate factor(s) from the tables provided. Negative amounts should be indicated by a minus sign. Round your final answer to 2 decimal places. Show less A Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the net present value of the project. (Future Value of $1, Present Value of $1, Future Value Annuity of $ Present Value Annuity of $1.) Note: Use appropriate factor(s) from the tables provided. Negative amounts should be indicated by a minus sign. Round yo final answer to 2 decimal places. Net Present Value $ 28,483.00 Show les
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