$($Net present value calculation$)$ Big Steve's, makers of

swizzle sticks, is considering the purchase of a new plastic stamping

machine. This investment requires an initial outlay of $$110,000$ and

will generate net cash inflows of $$16,000$ per year for $9$ years.

a$.$ What is the project's NPV using a discount rate of $8$ percent?

Should the project be accepted? Why or why not?