Prepare a capital budget for the Hot New Caf with the net cash flows for this project over a 5 year period Calculate the payback period (P B) and the net present value (NPV) for the project Answer the following questions based on your P B and NPV calculations Do you think the project should be acce...

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Prepare a capital budget for the Hot New Caf with the net cash flows for this project

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Prepare a capital budget for the Hot New Caf with the net cash flows for this project over a 5-year period.
Calculate the payback period (P/B) and the net present value (NPV) for the project.
Answer the following questions based on your P/B and NPV calculations:
Do you think the project should be accepted? Why?
Define and describe net present value (NPV) as it pertains to the new cafe.
Assume the company has a P/B (payback) policy of not accepting projects with a life of over 3 years. Do you think the project should be accepted? Why?