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Oriole is contemplating a capital project costing $47000. The project will provide annual cost savings of $15600 for 3 years and have a salvage value of $2000. The company's required rate of return is 10%. The company uses straight-line depreciation Present Value of 1 at 10% 909 826 751 PV of an Annuity Of 1 at 10% 909 1.736 2.487 Year This project is unacceptable because it earns a rate less than 10%. acceptable because it has a positive NPV. unacceptable because it has a negative NPV acceptable because it has zero NPV