MY QUESTION IS IN REGARDS TO REQUIRMENT 2 PLEASE SHOW WORK.

d 6 ant +0 Reference cost $910,000 /ear, providing quipment and ows and for 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. Holmes Industries invest in the equipment. Requirement 2. Holmes could refurbish the equipment at the end of six years for $104,000. The refurbished equipment could be used one more year, providing $77,000 of net cash inflows in year 7. Additionally, the refurbished equipment would have a $55,000 residual value at the end of year 7 . Should Holmes 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.) Calculate the NPV of the refurbishment. (Enter any factor amounts to three decimal places, X.XXX. Use parentheses or a minus sign for cash outflows and for a negative net present value.) ould be use inflows in year 7. six years? (Hint: d Holmes in Calculate the NP minus sign Refurbishment at the end of Year 6(n=6)