Question: Do It! Review 12-2 | Your answer is partially correct. Try again. Wayne Company is considering a long-term investment project called ZIP ZIP will require

 Do It! Review 12-2 | Your answer is partially correct. Try

Do It! Review 12-2 | Your answer is partially correct. Try again. Wayne Company is considering a long-term investment project called ZIP ZIP will require an investment of $134,800. It will have a useful life of 4 years and no salvage value. Annual cash inflows would increase by $79,000, and annual cash outflows would increase by $38,000. The company's required rate of return is 8%. Click here to view PV table. Calculate the net present value on this project. (If the net present value is negative, use either a negative sign preceding the number eg -45 or parentheses eg (45). Round present value answer to o decimal places, e.g. 125. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Net present value 993 Whether this project should be accepted? accepted The project should be Click if you would like to Show Work for this question: Open Show Work

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