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An airline is considering a project of replacement and upgrading of machinery that would improve efficiency. The new machinery costs $300 today and is expected

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An airline is considering a project of replacement and upgrading of machinery that would improve efficiency. The new machinery costs $300 today and is expected to last for 10 years with no salvage value Straight line depreciation will be used. Project inflows connected with the new machinery will begin in one year and are expected to be $300 each year for 10 consecutive years and project outflows will also begin in one year and are expected to be $135 each year for 10 consecutive years. The corporate tax rate is 36% and the required rate of return is 8%. Calculate the project's not present value. Place your answer in dollars and cents. Do not include a dollar sign or comma in your answer. Work your analysis with at least four decimal places of accuracy, YOU ARE NOT FINISHED. NOW GO ON TO THE SECOND PARTI PART 2. Given your estimate of the NPV should you accept or reject the project? Type the word "accept if you believe you should go ahead with the project or the word "reject" If you believe you should not go ahead with the project

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