Calculate the net present value ​(NPV​) for a 20​-year project with an initial investment of ​$50,000 and a cash inflow of ​$8,000 per year. Assume that the firm has an opportunity cost of 16​%. Comment on the acceptability of the project.
The​ project's net present value is ​$enter your response here. ​(Round to the nearest​ cent.)
Part 2
Is the project​ acceptable? ​(Select the best answer​ below.)