Fielding Industries is deciding whether to automate one phase of its production process. The manufacturing equipment has a six$-$year life and will cost $$910,000.$ Projected net cash inflows are as follow

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

$\_$

$($Click the icon to view the present value table.$)$

$($Click the icon to view the present value annuity table.$)$

$($Click the icon to view the future value table.$)$

$($Click the icon to view the future value annuity table.$)$

Read the requirements.

Requirement $1.$ Compute this project's NPV using Fielding Industries' $16\%$ hurdle rate. Should Fielding Industries invest in the equipment? Why or why not?

Begin by computing the project's NPV $($net present value$).($Round your answer to the nearest whole dollar. Use parentheses or a minus sign for negative net present values.$)$

Net present value

Data table