Calculate the net present value

(NPV)

for a 15-year

project with an initial investment of

$1,000,000

and a cash inflow of

$150,000

per year. Assume that the firm has an opportunity cost of

9%.

Comment on the acceptability of the project.

The project's net present value is

$nothing .

(Round to the nearest cent.)

Is the project acceptable?(Select the best answer below.)

No

Yes