LePew Cosmetics is evaluating a

new fragrance$-$mixing machine. The machine requires an initial investment of

$$360,000$ and will generate after$-$tax cash inflows of $$62,650$ per year for $8$ years.

If the cost of capital is $10\%,$ 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.$)$