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Pharoah Corporation, an amusement park, is considering a capital investment in a new exhibit. The exhibit would cost $143,330 and have an estimated useful life

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Pharoah Corporation, an amusement park, is considering a capital investment in a new exhibit. The exhibit would cost $143,330 and have an estimated useful life of 6 years. It can be sold for $68,300 at the end of that time. (Amusement parks need to rotate exhibits to keep people interested, It is expected to increase net annual cash flows by 523,100 . The company s borrowing rate is 8%, its cost of capital is 10%. Click bere to view PV table. Calculate the net present value of this project to the company and determine whether the project is inceptable. fif the net present value is negative, use either a negative sign precedirg the number es -45 or parentheses es (45). For calculation purposes, use 5 decinal places as displayed in the foctor table provided. Round present value onswer to 0 decimal ploces, eg. 125.) The project

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