You are evaluating a project for your company that has an open ended life. Cash flow in year one is expected to be $25,000, and this cash flow is expected to grow at a rate of 5% per year for 3 years. After this 3 year period, your expectations are that the cash flows for the project will remain constant. The initial investment for the project is expected to be $110,000. Your cost of capital is 12%. Using this information, calculate the NPV for the project. Is it acceptable? A project will use equipment that will cost $400,000, with an additional $75,000 for delivery and installation. Current assets will need to increase by $65,000, while current liabilities will not change. An extension to a building to house the equipment is also necessary, with a cost of $500,000. A computer system that is not related to the project will be sold for a salvage value of $75,000, book value $20,000. Your tax rate is 40%. What is the NINV for the project