Tacoma Corporation has been presented with an investment opportunity that will yield end-of-year cash flows of $27,000 per year in years 1 through 4, $30,000 per year in years 5 and 6, and $35,000 in year 7. The investment will cost the firm $120,000 today, and the firm's cost of capital is 9%.

a. What is the NPV for this investment?

b. Is the project acceptable? Why?