Net present valueUsing a cost of capital of

10%,

calculate the net present value for the project shown in the following table and indicate whether it is acceptable,

Initial investment (CF0)	1,155,000
Year (t)	Cash inflows (CFt)
1	$78,000
2	$138,000
3	$189,000
4	$252,000
5	$319,000
6	$383,000
7	$273,000
8	$101,000
9	$45,000
10	$30,000

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

.