11 10 points eBook Print References OptiLux is considering investing in an automated manufacturing system. The system requires an initial investment of $3.9 million, has a 20-year life, and will have zero salvage value. If the system is implemented, the company will save $520,000 per year in direct labor costs. The company requires a 9% return from its investments. (PV of $1. FV of $1. PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) a. Compute the proposed investment's net present value. b. Using the answer from part a, is the investment's internal rate of return higher or lower than 9% ? Hint: It is not necessary to compute IRR to answer this question. Complete this question by entering your answers in the tabs below. Required A Required B Compute the proposed investment's net present value. Net present value Check

Oplitux is considering investing in an automated manuactiaing system. The system requires an initiat investment of $3.9 mailion, has a 20 year life, and will fiove zero salyage value. is the system is implementedi, the compary will save $520000 ger year in direct fabor costs. The combeny requires a 95 ietum from its investments. (AV ot S1. BV olS1. PVA of S1, and EVA af Si) (Use appropriote factoris) from the tables provided) a. Compite the proposed inveitment's net present value. b. Using the answer from part a, is the investment's internal rate of return higher or lower than 9 an? Hilit it is not nocessary to compute. IRR to answer this question. Complete this question try entering your answers in the tabs below. Compute the proposed imvestinents net presoot valuet