NPV and maximum retum A tim can purchase new equipment for a 533,600 initial investment. The equipment generates an annual after tax cath tow of 8,000 for 7 year a. Determine the ret present value (NPV) of the asset, assuming that the fom has a cost of capital of 14%, the project acceptate? 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 equpment is (Round to the nearest cont)