NPV and maximum return???A firm can purchase new equipment for a ?$14,000 initial investment. The equipment generates an annual? after-tax cash inflow of ?$4,000 for 66 years.

a. Determine the net present value? (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.