Citrus Company is considering a project that has estimated annual net cash flows of $34,080 for seven years and is estimated to cost $160,000 Citrus's cost of capital is 20 percent. Determine the net present value of the project (Future Value of $1. Present Value of $1. Future Value Annulty of $1. Present Value Annuity of $1) (Use appropriate factor(s) from the tables provided. Negative amount should be indicated by a minus sign. Round your final answer to 2 decimal places.) Not Present Value Based on NPV, determine whether project is acceptable to Citrus O Acceptable O Unacceptable
Citrus Company is considering a project that has estimated annual net cash flows of $34,080 for seven years and is estimated to cost $160,000 Citrus's cost of capital is 20 percent. Determine the net present value of the project (Future Value of $1. Present Value of $1. Future Value Annulty of $1. Present Value Annuity of $1) (Use appropriate factor(s) from the tables provided. Negative amount should be indicated by a minus sign. Round your final answer to 2 decimal places.) Not Present Value Based on NPV, determine whether project is acceptable to Citrus O Acceptable O Unacceptable
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Subject : Accounting
Transcribed Image Text:Citrus Company is considering a project that has estimated annual net cash flows of $34,080 for seven years and is estimated to cost
$160,000 Citrus's cost of capital is 20 percent.
Determine the net present value of the project (Future Value of $1. Present Value of $1. Future Value Annulty of $1. Present Value
Annuly of $1) (Use appropriate factor(s) from the tables provided. Negative amount should be indicated by a minus sign. Round
your final answer to 2 decimal places.)
Not Present Value
Based on NPV, determine whether project is acceptable to Citrus
O Acceptable
O Unacceptable
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