LaChut Industries is deciding whether to automate one phase of its pcoducton process. The manulacturing equipment has a six-year ife and will cost 3910,000 . Projected net cash intows are as follows: (Cick the icen to view the projected net canh inflows.) (Click the icon to view the present vabue table) (Click the icon to view the present value annuly tacle.) (Click the icon to view the future value table.) (Click be icon to view the hate value annuity table.) Read the reourements Requirement 1, Compute this projecto NPV using LaChut industries' 16\% hurde rate. Srould LaChut industries invest in Bre equipment? Why or why not? Begin by computing the projects NPV (net present value) (Round your antwor to the newest whole dolar. Use parencheses or a minia sign for negative net pretent values. Net presert value Data table Reference ix-year life and wil equipment? Why br a minus sign for Reterence Reference Reference Requirements 1. Compute this project's NPV using LaChut Industries' 16% hurdle rate. Should the company invest in the equipment? Why or why not? 2. LaChut Industries could refurbish the equipment at the end of six years for $102,000. The refurbished equipment could be used one more year, providing $76,000 of net cash inflows in Year 7 . In addition, the refurbished equipment would have a $51,000 residual value at the end of Year 7 . Should LaChut Industries invest in the equipment and refurbish it after six years? Why or why not? (Hint: In addition to your answer to Requirement 1, discount the additional cash outflow and inflows back to the present value.)