Ikoo 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 Net Cash PV Factor Years Inflow =14%) Present Value Year 1 Present value of each year's inflow: (n = 1) 265000 0.8772 Year 2 Present value of each year's inflow: (n = 2) 255000 0.7695 Year 3 Present value of each year's inflow: (n = 3) 223000 0.6750 Year 4 Present value of each year's inflow: (n = 4) 212000 0.5921 Year 5 Present value of each year's inflow: (n = 5) 200000 0.5194 Year 6 Present value of each year's inflow: (n = 6) 175000 0.4556 Total PV of cash inflows Year0 Initial investment Net present value of the project Enter any number in the edit fields and then click Check Answer. Get More Help Clear All Check Answer 150 to automato one nhaco ofits production process I Data Table Year 1 $ 265,000 Year 2 255,000 Year 3 223,000 Year 4 212,000 Year 5 200,000 Year 6 175,000 Print Done the project