Eve Industries is deciding whether to automate one phase of its production process. The manufacturing equipment has a$$ six$-$year life and will cost $ $915$ comma $000.$ Projected net cash inflows are as$$ follows Eve Industries is deciding whether to automate one phase of its production process. The manufacturing equipment has a six$-$year life and will cost $$915,000.$

Projected net cash inflows are as follows:

$($Click the icon to view the projected net cash inflows.$)$

Compute this$$ project's NPV using Eve$\text{'}$s $16\%$ hurdle rate. Should Eve invest in the$$ 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.$)$