Net present value Using a cost of capital of 15%, 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 $ (Round to the nearest cent.)
Data table
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Initial investment ($CF_0$) -1,147,000
Year (t) Cash inflows ($CF_t$)
1 $84,000
2 $130,000
3 $194,000
4 $256,000
5 $316,000
6 $383,000
7 $270,000
8 $103,000
9 $45,000
10 $30,000