Net present value Using a cost of capital of $16\%,$ calculate the net present value for the project shown in the following table and indicate whether it is acceptable, $.$

The net present value $($NPV$)$ of the project is $$.($Round to the nearest cent.$)$

Data table

Initial investment $-1,158$t

Year Cash inflows

$175,000$

$2133,000$

$3189,000$

$4257,000$

$5314,000$

$6377,000$

$7279,000$

$8105,000$

$941,000$

$1027,000$