beacon Company is considering automatng its production tacility. I he Intial investment in automation would be \$IV.Ui million, and the equipment has a useful life of 8 years with a residual value of $1,130,000. The company will use straightline 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. Required: 1-a. Complete the following table showing the totals. (Enter your answers in whole dollars, not in millions.) 2. Determine the project's accounting rate of return. (Round your answer to 2 decimal places.) 3. Determine the project's payback period. (Round your answer to 2 decimal places.) 4. Using a discount rate of 13 percent, calculate the net present value (NPV) of the proposed investment. (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.) 5. Recalculate the NPV using a 8 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.)