NPV analysis of a projectDane Cosmetics is evaluating a new fragrance-mixing machine. The machine requires...

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NPV analysis of a projectDane 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 $4,500 per year for 8 years. If the cost of capital is 14%, calculate the net present value (NPV) and indicate whether to accept or reject the machine.

The NPV of the project is $. (Round to the nearest cent.)

Should you accect?

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