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M11-6 (Algo) Calculating Net Present Value [LO 11-3] Citrus Company is considering a project that has estimated annual net cash flows of $42,600 for eight

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M11-6 (Algo) Calculating Net Present Value [LO 11-3] Citrus Company is considering a project that has estimated annual net cash flows of $42,600 for eight years and is estimated to cost $200,000. Citrus's cost of capital is 13 percent. Determine the net present value of the project. (Future Value of St. Present Value of St. Future Value Annuity of $1. Present Value Andulty 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 Print Based on NPV, determine whether project is acceptable to Citrus Unacceptable Acceptable

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