please answer the missing answers. thank you! Show all images Show all images Show all images done loading OptiLux is considering investing in an automated

please answer the missing answers. thank you!

OptiLux is considering investing in an automated manufacturing system. The system requires an initial investment of $4.7 million, has a 20-year life, and will have zero salvage value. If the system is implemented, the company will save $720,000 per year in direct labor costs. The company requires a 12% return from its investments. (PV of $1, FV of $1, PVA of $1, FVA of $1) (Use appropriate factor(s) from the tables and provided.) a. Compute the proposed investment's net present value. b. Using the answer from part a, is the investment's internal rate of return higher or lower than 12%? Hint: It is not necessary to compute IRR to answer this question. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Compute the proposed investment's net present value. Net present value $ 728,032