Using a cost of capital of 13% calculate the net present value for the project shown in the following table and indicate whether it is acceptable.

The net present value (NPV) of the project is

Initial investment $62,500

Year Cash inflows

1 $10,000

2 $11,000

3 $12,000

4 $13,000

5 $14,000

6 $15,000

7 $16,000

8 $17,000

9 $18,000

10 $19,000