al return esent Value 9000 equal amount every period annuity 1-(1+0)* PV= PMT X PV=PMT X [1-(1+1)^(-n)]/i 20% V2 A4 Sheet4 Sheet5 Shi + ABC Company is studying a project that would have a five year life and require a $1,600,000 investment in the equipment. At the end of five years, the project would terminate and the equipment would have no value left over. The project would provide net income each year as follows: Yr2020 Dec31, 2020. Sales Less COGS 3,200,000 300,000 2,900,000 Gross Margin Less: Operating Expenses Advising and other fixed exp 1,200,000 Salary Expense 1,400,000 Amortization Expense 100,000 Total Expenses 2,700,000 Net Income 200,000 The company's discount rate is 25% compute the net present value of the project. Is it acceptable?