NPV for varying costs of capital Lopew Cosmetics is evaluating a new fragrance-miding machine. The machine requires an initial investment of $320,000 and wil generate after-tax cash inflows of $63,450 per year for 8 years. If the cost of capital is 11%, calculate the net present value (NPV) and indicate whether to accept or reject the machine The NPV of the project in $. (Round to the nearest cent)