$($Net present value calculation$)$ Big Steve's, makers of swizzle sticks, is considering the purchase of a new plastic stamping machine. This investment requires an initial outlay of $$110,000$ and will

generate net cash inflows of $$16,000$ per year for $8$ years.

a$.$ What is the project's NPV using a discount rate of $8$ percent? Should the project be accepted? Why or why not?

b$.$ What is the project's NPV using a discount rate of $16$ percent? Should the project be accepted? Why or why not?

c$.$ What is this project's internal rate of return? Should the project be accepted? Why or why not?

a$.$ If the discount rate is $8$ percent, then the project's NPV is $

$($Round to the nearest dollar.$)$