Mulheim Corporation is deciding whether to automate one phase of its production process. The equipment has a six-year life and will cost $410,000. Projected net cash inflows from the equipment are as follows: Year 1 $120,000 Year 2 $100,000 Year 3 $110,000 Year 4 $100,000 Year 5 $95,000 Year 6 $90,000 Mulheim Corporation's hurdle rate is 12%. Assume the residual value is zero. What is the net present value of the equipment? (The present values for this scenario are as follows: Year 1 = 0.893, Year 2 = 0.797, Year 3 = 0.712. Year 4 = 0.636, Year 5 = 0.567 and Year 6 = 0.507.) A. $20,000 B. $18, 275 C. $(18, 275) D. $3, 046