of $120,000 per year for the next 5 years (t=1 to t=5 ). The present value of the 5 positive cash flows is $392,000. The firm has a cost of capital of 16.10 percent. Should this project be accepted. and why? Question 1: Estimate the NPV and decide if the project should be accepted. Question 2: Estimate the PI and decide if the project should be accepted