= Homework: HW Ch10 Question 6, P10-9 (similar to) Part 1 of 3 HW Score: 0%, of 90 points O Points: 0 of 10 Save NPV and maximum return A firm can purchase new equipment for a $23,000 initial investment. The equipment generates an annual after-tax cash intow of 57.000 for 6 years Determine the net present watue (NPV) of the asset, assuming that the firm has a cost of capital of 11% is the project acceptable? b. Determine the maximum required rate of return that the firm can have and still accept the asset a. The net present value (NPV) of the new equipment is $ . (Round to the nearest cent)