Marti 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:

Requirement 1. Compute this project's NPV using Martis 14\% hurdio rate, Should Mart irvest in the equipment? Uso the following tablo to caiculate the nel present value of the project. (Enter ary factor amounts to three decimal places, X.xX. Use parontheses or a minus sogn for a negative net present value.) Marti industries invest in the equipment. Requirement 2. Mart could refurbish the equipment at the end of six years for $103,000. The refurbished equipment could be used one more year, providing $75,000 of not cash infows in year 7. Additionally, the returbished equipment would have a $53.000 residual value at the end of year 7 . Should Marti irvest in the equipment and returbish it after six years? (Hint. In addition to your answer to Reguirement 1, discoumt the additonal cash outhow and inflows back to the present value.) Caloulate the NPV of the refurbishrment, (Enter any factor amounts to three decimal places, 0. Use parentheses or a minus sign for cash outfows and for a negative net present value.) (1) Time Remaining: 02-28:01 Reference Reference Requirements Data table 1. Compute this project's NPV using Marti's 14% hurdle rate. Should Marti invest in the equipment? 2. Marti could refurbish the equipment at the end of six years for $103,000. The refurbished equipment could be used one more year, providing $75,000 of net cash inflows in year 7. Additionally, the refurbished equipment would have a $53,000 residual value at the end of year 7 . Should Mart invest in the equipment and refurbish it after six years? (Hint: in addition to your answer to Requirement 1, discount the additional cash outflow and inflows back to the present value.)