NPV analysis of a project
Dane Cosmetics is evaluating a new? fragrance-mixing machine. The machine requires an initial investment of ?$24,000 and will generate?after-tax cash inflows of ?$5,500 per year for 8 years. If the cost of capital is 11?%, calculate the net present value? (NPV) and indicate whether to accept or reject the machine.
The NPV of the project is ?$___?______