A capital project has an initial investment of $225,000 and cash flows in years 1-6 of $80,000, $65,000, $50,000, $50,000, $35,000, and $60,000, respectively. Given a 10 percent cost of capital,
(a) Compute the net present value.
(b) Compute the internal rate of return
(c) Should the project be accepted? Why or why not?