Using a cost of capital of 13% 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
Initial investment $62,500
Year Cash inflows
1 $10,000
2 $11,000
3 $12,000
4 $13,000
5 $14,000
6 $15,000
7 $16,000
8 $17,000
9 $18,000
10 $19,000