The company has a project with a 5-year life that requires an initial investment of $220,000, and is expected to yield annual cash flows of $62,500. What is the net present value of the project if the required rate of return is set at 12%? Calculation Steps Present Value of an Annuity of $1 at Compound Interest. Net Present Value = ( $fill in the blank b78b54f68f8201a_4 x fill in the blank b78b54f68f8201a_5 ) $fill in the blank b78b54f68f8201a_6 Note: Round your answer to the nearest whole dollar. What NPV does the previous calculation yield? $fill in the blank b78b54f68f8201a_7 Based on the NPV computed above, what is indicated? 1. The project is