OptiLux is considering investing in an automated manufacturing system. The system requires an initial investment of $4.0 million, has a 20-year life, and will have zero salvage value. If the system is implemented, the company will save $580,000 per year in direct labor costs. The company requires a 12% return from its investments. 1. Compute the proposed investment's net present value. 2. Using your answer from part 1, is the investment's internal rate of return higher or lower than 12%? * Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the proposed investment's net present value. Net present valueCompute the amount that can be borrowed under each of the following circumstances: (PV of $1, FV of $1, PVA of $1, and EVA of $1) (Use appropriate factor(s) from the tables provided. Round your "Table value" to 4 decimal places.) 1. A promise to repay $91,000 five years from now at an interest rate of 9%. 2. An agreement made on February 1, 2019, to make three separate payments of $28,000 on February 1 of 2020, 2021, and 2022. The annual interest rate is 2%. Option 1 Table Value Amount Present Value Loan amount Option 2 Table Value Amount Present Value Annual payments