Dane Cosmetics is evaluating a new fragrance-mixing machine. The machine requires an initial investment of $26,000 and will generate after-tax cash inflows of $5,000 per year for 8 years. If the cost of capital is 12%, 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.)

Is the project acceptable?(Select the best answer below.)

Yes or No