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An improvement to the process in a children's shirt factory will cost $1,020,000, but will result in net cost savings of $270,000 annually for the next 5 years. Please answer the questions below. If a number is required, type the correct number in the boxes provided without a thousands separator. a. If funds are worth 11 per cent and the present value of an annuity of $1 per year for 5 years is equal to $36959, what is the NPV for the investment? NPV=$ Based on this scenario, are the process changes worth making? b. If the process improvements turn out to cost $826,200, what is the NPV for the investment? NPV=$ Based on this second scenario, are the process changes worth making? |:|