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NPV for varying costs of capital LePew Cosmetics is evaluating a new fragrance - mixing machine. The machine requires an initial investment of $ 3

NPV for varying costs of capitalLePew Cosmetics is evaluating a new fragrance-mixing machine. The machine requires an initial investment of $300 comma 000300,000 and will generate cash inflows of $62 comma 65062,650 per year for 88 years. If the cost of capital is 88%, calculate the net present value(NPV) and indicate whether to accept or reject the machine.

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