Cury Industries is deciding whether to automate one phase of its production process. The manufacturing equipment has a six-year life and will cost $900,000. Projected net cash inflows are as follows: (Click the icon to view the projected net cash inflows.) (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) Read the requirements Requirement 1. Compute this project's NPV using Cury's 14% hurdle rate. Should Cury invest in the equipment? Use the following table to calculate the net present value of the project. (Enter any factor amounts to three decimal places, X.XXX. Use parentheses or a minus sign for a negative net present value.) Net Cash PV Factor i Years Inflow = 14%) Present Value Year 1 Present value of each year's inflow: (n = 1) Requirements Year 2 Present value of each year's inflow: (n = 2) Data Table Year 3 Present value of each year's inflow: (n = 3) Year 4 Present value of each year's inflow: (n = 4) 1. Compute this project's NPV using Cury's 14% hurdle rate. Should Cury invest Year 5 Present value of each year's inflow: (n = 5) in the equipment? Year 1 $ 263,000 2. Cury could refurbish the equipment at the end of six years for $105,000. The Year 6 Present value of each year's inflow: (n = 6) Year 2 254,000 refurbished equipment could be used one more year, providing $77,000 of net Total PV of cash inflows Year 3 222,000 cash inflows in year 7. Additionally, the refurbished equipment would have a $50,000 residual value at the end of year 7. Should Cury invest in the Year 0 Initial investment Year 4 214,000 equipment and refurbish it after six years? (Hint: In addition to your answer to Year 5 205,000 Requirement 1, discount the additional cash outflow and inflows back to the Net present value of the project present value. Year 6 173,000 Print Done Print Done