NPV and maximum return A firm can purchase new equipment for a $33,000 inifial investment. The equipment generates an annual after-tex cash inflow of 58,000 for 7 years. a. Dotormine the net presont value (NPV) of the asset, assuming that the firm has a cost of capital of 8%. Is the project acceptable? b. Determine the maximum required rate of roturn 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 cont.)