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

Initial Investment CFo 62,500

1 10,000

2 11000

3 12000

4 13000

5 14000

6 15000

7 16000

8 17000

9 18000

10 19000

1) The net present value (NPV) of the project is ___ROUND TO NEAREST CENT

2) Is the project acceptable Yes or No