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Optilux is considering investing in an automated manufacturing system. The system requires an initial investment of $6.0 million has a 20-year life, and will have

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Optilux is considering investing in an automated manufacturing system. The system requires an initial investment of $6.0 million has a 20-year life, and will have zero salvage value. If the system is implemented, the company will save $800.000 per year in direct labor costs. The company requires a 10% 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 10%? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required Required 2 Compute the proposed investment's not present value Pietrasant value 810,848 Required Required 2 >

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