Q1: What is the accounting rate of return for a project that is estimated to yield total income of $333,000 over three years and costs $865,000? (Round your answer to 2 decimal places. (i.e. .1234 should be entered as 12.34%.))

Q2: Citrus Company is considering a project that has estimated annual net cash flows of $21,300 for six years and is estimated to cost $100,000. Citruss cost of capital is 8 percent.

Accounting Rate of Return Determine the net present value of the project. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) (Use appropriate factor(s) from the tables provided. Negative amount should be indicated by a minus sign. Round your final answer to 2 decimal places.) Net Present Value $ 1,530.10 Based on NPV, determine whether project is acceptable to Citrus Acceptable OUnacceptable