M$11-6($Algo$)$ Calculating Net Present Value $[$LO $11-3]$

Citrus Company is considering a project with estimated annual net cash flows of $$30,885$ for four years that is estimated to cost $$145,000.$ Citrus's cost of capital is $13$ 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.

Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

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.)$

Note: Use appropriate factor$($s$)$ from the tables provided. Negative amounts should be indicated by a minus sign. Round your final answer to $2$ decimal places.

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Net Present Value