Question: Whats the projects NPV? Also Do we accept or reject this project? A manufacturer of paper and paper board is considering the replacement and upgrading

Whats the projects NPV? Also Do we accept or reject this project?Whats the projects NPV? Also Do we accept or reject this project?

A manufacturer of paper and paper board is considering the replacement and upgrading of machinery that would improve efficiency. The new machinery costs $350 and is expected to last for 5 years with no salvage value. Straight line depreciation will be used. Cash inflows connected with the new machinery are expected to be $200 each year and cash outflows are expected to be $80 each year. If the tax rate is 36%, and if the required rate of return is 8%, what is the project's net present value

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