as follows: (Click the icon to viow the projected net cash intlows.) (Click the icon to view Present Value of $1 table) (Click the icon to view Present Value of Ordinary Amuty of St table) Read the roqumements Requirement 1. Compute this projects NPV using Holmes's 14% hurdle rate. Shauld Holmes invest in the equigmoit? Uso the tollowing table to calculate the net present value of the propoct iEntec any factor amounts to trvee decmal placen, Xx Use poronthises or ainisis ign tor a nogatio nit Data table Reference Preaent Value of Ordinary Annuity of $1 quirement 1. Com Requirements 1. Compute this project's NPV using Holmes's 14% hurdle rate. Should Holmes invest in the equipment? 2. Holmes could refurbish the equipment at the end of six years for $104,000 The refurbished equipment could be used one more year, providing $77,000 of net cash inflows in year 7 . Additionally, the refurbished equipment would have a $55,000 residual value at the end of year 7 . Should Holmes invest in the equipment and refurbish it after six years? (Hint. In addition to your answer to Requirement 1 , discount the additional cash outfiow and inflows back to the present value.)