6 Part 3 of 3 5 points Required information [The following information applies to the questions displayed below.] Beacon Company is considering automating its production facility. The initial investment in automation would be $11.44 million, and the equipment has a useful life of 9 years with a residual value of $1,180,000. The company will use straight- line depreciation. Beacon could expect a production increase of 42,000 units per year and a reduction of 20 percent in the labor cost per unit. eBook References Current (no automation) 89,000 units Per Production and sales volume Unit Sales revenue $ 93 Total $ ? Unit Proposed (automation) 131,000 units Total $ 93 $ ? Variable costs Direct materials $ 17 $ 17 Direct labor 30 Variable manufacturing overhead 9 ? 9 Total variable manufacturing costs 56 ? Contribution margin $ 37 ? $ 43 ? Fixed manufacturing costs Net operating income $ 1,190,000 ? $ 2,340,000 ? 5. Recalculate the NPV using a 10 percent discount rate. (Future Value of $1, Present Value of $1, Future Value Annuity of $1. Present Value Annuity of $1.) (Use appropriate factor(s) from the tables provided. Negative amount should be indicated by a minus sign. Enter the answer in whole dollars.) Net present value Check my work