TU-0 (Simllar to) QuestionTieip NPV for varying costs of capital LePew Cosmetics is evaluating a new fragrance-mixing machine. The machine requires an initial investment of $340,000 and will generate after-tax cash inflows of $62,650 per year for 8 years. If the cost of capital is 8%, calculate the net present value (NPV) and indicate whether to accept or reject the machine. The NPV of the project is S. (Round to the nearest cent.)