Clean Chips is a manufacturer of prototype chips based in Austin, Texas. Next year in 2015, Clean Chips expects to deliver 535 prototype chips at an average price of $55,000. Clean Chips' marketing vice president forecasts growth of 65 prototype chips per year through 2021- That is, demand will be 535 in 2015, 600 in 2016, 665 in 2017, and so on. The plant cannot produce more than 525 prototype chips annually. To meet future demand, Clean Chips must either modernize the plant or replace it. The old equipment is fully depreciated and can be sold for $4,300,000 if the plant is replaced. If the plant is modernized the costs to modernize it are to be capitalized and depreciated over the useful life of the updated plant. The old equipment is retained as part of the modernize alternative. The following data on the two options are available: Ea (Click the icon to view information on the options (Click the icon to view summarized cash flows for each option Click the icon to view the Future Value of $1 actors. Click the icon to view the Future value of Annuity of $1 actors. Click the icon to view the Present Value of $1 factors E Click the icon to view the Present Value of Annuity of $1 factors Read the reguirements. disposal value, and tinally, determine the total net present value (NPV) ot the investment tor the modernize altemative. (Round interim calculations and your final answers to the nearest whole dollar Use a minus sign or parentheses for a negative net present value.) Net Cash Total Present PV factor Inflow Value Present value of net cash flows: After-tax cash flows from operations: Dec 31, 2015