Using a cost of capital of

14%,

calculate the net present value for the project shown in the following table and indicate whether it is acceptable,

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Part 1

The net present value (NPV) of the project is

$enter your response here.

Initial investment

(CF0)

1,155,000

Year

(t)

Cash inflows

(CFt)

1

$76,000

2

$130,000

3

$185,000

4

$257,000

5

$311,000

6

$385,000

7

$276,000

8

$95,000

9

$44,000

10

$25,000