1.Super Med Group is evaluating a new machine. The machine requires an initial investment of $30,000 and will generate after-tax cash inflows of $7,000 per year for 8 years. (15 points)

For each of the cost of capital listed below: (1) Cost of capital is 10% (2) Cost of capital is 12%

1. Calculate the NPV
2. Indicate whether to accept or reject the machine. Explain your answer