Pharoah Company is considering a long-term investment project called ZIP. ZIP will require an investment of $129,600. It will have a useful life of 4 years and no salvage value. Annual cash inflows would increase by $80,100, and annual cash outflows would increase by $40,600. The company's required rate of return is 8%. Click here to view the factor table. Calculate the net present value on this project. (If the net present value is negative, use either a negative sign preceding the number eg -45 or parentheses eg (45). Round present value answer to 0 decimal places, e.g. 125. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Net present value Whether this project should be accepted? The project should be

Pharoah Company is considering a longrerm investment project called ZIP. ZIP will require an investment of $129,600. It will have a useful life of 4 years and no salvage value. Annual cash inflows would increase by $80,100, and annual cash outflows would increase by $40,600. The company's required rate of return is 8%. Click here to view the factor table. Calculate the net present value on this project, (If the net present value is negative, use either a negative sign preceding the number es -45 or parentheses eg (45). Round present value onswer to 0 decimal places, es. 125. For calculation purposes. use 5 decimal places as displayed in the factor table provided.) Net present value Whether this project should be accepted? The project should be