Calculate net present value for the project

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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

Reference no: EM131616692

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