Griffin Co. is considering the investment of $136.000 in a new machine. The machine will generate cash flow of $22.500 per year for each year of its eight-year life and will have a salvage value of $8,000 at the end of its life. Griffin Co.'s cost of capital is 8 percent (a) Calculate the net present value of the proposed investment. Ignore income taxes, and round all answers to the nearest $1. (b) What will the internal rate of return on this investment be relative to the cost of capital? Explain your answer. Essay Tool Action BIUS AA