Eyo Industrles is deciding whether to automate one phase of its production precess The manudacturing equipment has a socyear lif and will cast $905,800. Projncted net cash intlowis are as follows (Cick the icon ta yinv the projected net cash inflown) (Click the icon to view Present Valae of S1 table) (Click the icen to vhew Present Value of Ordinary Annuity of 51 table Read the cezulirement: Requirement 1. Compite this projec's NPV using Evein 16% hurdle rate. Should Eve invest in the oquipenent? Use the following table to calculate the net present value of the project. (Enter any factor ammounts to three Gocimal places. XXXX Use parenthesen of a minus tign for a nogative net present value ) Eve Industries invest in the equipntent Requirement 2. Eve could refurbish the equipment at the end of sax years for $105.000. The refurbished equipment could be used ohe more year, providing 572.000 of net cash intlows in year 7 . Additionally, the refurbished equipenent wodid have a $55,000 residual value at the end of year 7 . Should Eve invest in the equipment and refurbish in atter six years? (Hint In addition fo your answer to Requirombot 1. discount the additionit cash outllow and inflows back to the prement value ) Calculate the NPV of the refurbishment (Entor any factor amounts to three decimal places X XOXX Use parenthesess or a minus sagn for cash ostllow: and for a negatroe net present value ) The refurbishment provides a NPY. The refurbishment NPV is to overconk the aciginal NPV of the equipment Therefore, the refurtishment alter Eve Induatries' orlginal decision regatding the squipment investment. Data table