Santana Company is considering investing in a project that will cost $$67,000$ and have no salvage value at the end of its $7-$year life. It is estimated that the project will generate annual cash inflows of $$16,000$ each year. The company requires a $10\%$ rate of return and uses the following compound interest table:

Present Value of an Annuity of $1$

$\backslash$table$[[15\%,$Period,$6_{\%},8\%,9\%,,$of $1,],[7,,5\mathrm{.}206,50,,11\%,12\%$