Crane Corp an amusement park is concidering a capital investment in a new exibit would cost $167240 and have a useful life of 7 years. it can be sold for $69200 at the end of that time. It isn't expected to increase net annual cash flows by $26300. The company's borrowing rate is 8%. It cost of capital it 10%. Calculate the net present value of this project to the company and determine if the project is acceptable. Round to 0 decimal points.

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Production Budget

A budget can be defined as a financial plan designed by an undertaking for a definite period in the future that can contribute towards enhancing the financial success of the business undertaking. It is used to estimate the revenue and expenses. The budget generally takes into account both current and future income and expenses.