Broadway Industries is considering whether to automate one phase of its production line. The automation equipment has a six-year life with no residual and will cost $890,000. Projected net cash flows are as follows: Year 1 $ 250,000 Year 2 240.000 Year 3 210,000 hs Year 4 205,000 Year 5 200,000 Year 6 180,000 Requirement 1 : Compute this project's Net Present Value (NPV) using Broadway's 10% hurdle (required) rate. Should Broadway invest in the automation equipment? Year Net Cash Flow PV Factor from Table Present Value aUAWN 9. Present Value of Cash Inflows S 948,935 Initial Investment Net Present Value of the project $ 10. Should Broadway invest in the project? Yes or No