You are considering the purchase of a new piece of equipment. You have gathered the following information from staff

Required equipment investment: 10,000

Projected net cash inflows: Year 1- $2,000 Year 2- $2,000 Year 3- $4,000 Year 4- $4,000 Year 5- $5,000

in addition, you have set the required rate of return at 10%

Determine the Net Present Value of the project

and Determine whether the project is acceptable based on NPV