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.

The net present value (NPV) of the project is

Initial investment $715,000

Year Cash inflows

1 $100,000

2 $110,000

3 $120,000

4 $130,000

5 $140,000

6 $150,000

7 $160,000

8 $170,000

9 $180,000

10 $190,000