Using 16% calculate the net present value for the project shown in the table and indicate whether it is acceptable

Initial Investment (CFO) -1,143,000

Year (t) Cash Inflows (Cft)

1 $83,000

2 $139,000

3 $189,000

4 $253,000

5 $311,000

6 $375,000

7 $270,000

8 $95,000

9 $46,000

10 $25,000