Citrus Company is considering a project with estimated annual net cash flows of $$21,300$ for six years that is estimated to cost $$100,000.$ Citrus$$s cost of capital is $8$ percent.

Required:

Determine the net present value of the project. $($Future Value of $$1,$ Present Value of $$1,$ Future Value Annuity of $$1,$ Present Value Annuity of $$1.)$

Based on NPV$,$ determine whether project is acceptable to Citrus.