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Petal Industries is deciding whether to automate one phase of its production process. The manufacturing equipment has a six-year life and will cost $930,000. Projected net cash inflows are as follows: (Click the icon to view the projected net cash inflows.) (Click the icon to viow Present Value of $1 table.) (Click the icon to view Present Valve of Ordinary Annuity of St tabie.) Read the reoulrements. Requirement 1. Compute this projoct's NPV using Petar's 16% hurdle rate. Should Petal invest in the equipment? Use the following table to calculate the net present value of the project. (Enter any factor amounts to three decimal places, XXX. Use parentheses or a minus sign for a negative net present value.) Petal Industries invest in the equipment fequirement 2. Petal could refurtish the equipment at the end of six yearn for 5106,000 . The refurbished equipment could be used one more year, providing $74,000 of net cash inflows in year 7 . Additionally, the refurbished equipment would have a $53,000 residual value at the end of yoar 7. Should Petal invest in the equipment and refurbish it aher six years? (Pint - In addition to your arvwer to Feuirement 1 , discount the addifional cash outflow and inflows back to the present value ) Caiculate the NPV of the refurbishment, (Emter any factor amounts to three decimal places, x Use parenthesea or a minus sign for cash ouhlows and for a negative net oresent valve.) Petal Industries invest in the equipment. Requirement 2. Petal could refurbish the equipment at the end of six years for $106,000. The refurbished equipment could be used one more year, providing $74,000 of net cash inflows in year 7 . Additionally, the refurbished equipment would have a $53,000 residual value at the end of year 7. Should Petal 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 relurbishment. (Enter any factor amounts to three decimal places, XXXX. Use parentheses or a minus sign for cash outflows and for a negative net present value.) (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 Read the requirements. Requirement 1. Compute this project's NPV using Petal's 16% hurdle rate. Should Petal invest in the equipment? Use the following table to calculate the net present value of the project. (Enter any factor amounts to three decimal parentheses or a Requirement 2. more year, provid 6,000. The refurbished equipment could : of year 7 . Should Petal invest in the equipment and refurbish it after six years? additional cash outfiow and inflows back to the present value.) Calculate the NPV of the refurbishment. (Enter any factor amounts to three decimal places, Use parentheses or a minu outlows and for a negative net present value.) Requirement 1. Compute this project's NPV using Petal's 16% hurdle rate. Should Petal invest in the Use the following table to calculate the net present value of the project. (Enter any factor amounts to th Requirements 1. Compute this project's NPV using Petal's 16% hurdle rate. Should Petal invest in the equipment? 2. Petal could refurbish the equipment at the end of six years for $106,000. The refurbished equipment could be used one more year, providing $74,000 of net cash inflows in year 7 . Additionally, the refurbished equipment would have a $53,000 residual value at the end of year 7 . Should Petal 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.) nelerence \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & & & & & & Presen & it Value o & $1 & & & & & & & & \\ \hline Periods & 1% & 2% & 3% & 4% & 5% & 6% & 7% & 8% & 9% & 10% & 12% & 14% & 15% & 16% & 18% & 20% & \\ \hline Period 1 & \begin{tabular}{l|l} 0.990 & 0 \end{tabular} & 0.980 & 0.971 & 0.962 & 0.952 & 0.943 & 0.935 & 0.926 & 0.917 & 0.909 & 0.893 & 0.877 & 0.870 & 0.862 & \begin{tabular}{l|l} 52 & 0.847 \end{tabular} & \begin{tabular}{l|l} 47 & 0.833 \end{tabular} & 833 \\ \hline Period 2 & 0.9800 & 0.961 & 0.943 & 0.925 & 0.907 & 0.890 & 0.873 & 0.857 & 0.842 & 0.826 & 0.797 & 0.769 & 0.756 & 0.743 & \begin{tabular}{l|l} 3 & 0.718 \end{tabular} & 180.694 & \\ \hline Period 3 & 0.9710 & 0.942 & 0.915 & 0.889 & 0.864 & 0.840 & 0.816 & 0.794 & 0.772 & 0.751 & 0.712 & 0.675 & 0.658 & 0.641 & 110.609 & 090.579 & \\ \hline Period 4 & 0.961 & 0.924 & 0.888 & 0.855 & 0.823 & 0.792 & 0.763 & 0.735 & 0.708 & 0.683 & 0.636 & 0.592 & 0.572 & 0.552 & 20.516 & 60.482 & \\ \hline Period 5 & 0.951 & 0.906 & 0.863 & 0.822 & 0.784 & 0.747 & 0.713 & 0.681 & 0.650 & 0.621 & 0.567 & 0.519 & 0.497 & 0.476 & \begin{tabular}{l|l} 6 & 0.437 \end{tabular} & 170.402 & \\ \hline Period 6 & 0.942 & 0.888 & 0.837 & 0.790 & 0.746 & 0.705 & 0.666 & 0.630 & 0.596 & 0.564 & 0.507 & 0.456 & 0.432 & 0.410 & 00.370 & 00.335 & \\ \hline Period 7 & 0.933 & 0.871 & 0.813 & 0.760 & 0.711 & 0.665 & 0.623 & 0.583 & 0.547 & 0.513 & 0.452 & 0.400 & 0.376 & 0.354 & 40.314 & 40.279 & \\ \hline Period 8 & 0.923 & 0.853 & 0.789 & 0.731 & 0.677 & 0.627 & 0.582 & 0.540 & 0.502 & 0.467 & 0.404 & 0.351 & 0.327 & 0.305 & 50.266 & 0.233 & \\ \hline Period 9 & 0.914 & 0.837 & 0.766 & 0.703 & 0.645 & 0.592 & 0.544 & 0.500 & 0.460 & 0.424 & 0.361 & 0.308 & 0.284 & 0.263 & 0.225 & \begin{tabular}{ll} 5 & 0.194 \end{tabular} & \\ \hline Period 10 & 0.905 & 0820 & 0.744 & 0.676 & 0.614 & 0.558 & 0.508 & 0.463 & 0.422 & 0.386 & 0.322 & 0.270 & 0.247 & 0.227 & \begin{tabular}{ll} 7 & 0.191 \end{tabular} & 0.162 & \\ \hline Period 11 & 0.896 & 0.804 & 0.722 & 0.650 & 0.585 & 0.527 & 0.475 & 0.429 & 0.388 & 0.350 & 0.287 & 0.237 & 0.215 & 0.195 & \begin{tabular}{l|l} 5 & 0.162 \end{tabular} & 0.135 & \\ \hline Period 12 & 0.887 & 0.788 & 0.701 & 0.625 & 0.557 & 0.497 & 0.444 & 0.397 & 0.356 & 0.319 & 0.257 & 0.208 & 0.187 & 0.168 & 80.137 & 0.112 & \\ \hline Period 13 & 0.879 & 0.773 & 0.681 & 0.601 & 0.530 & 0.469 & 0.415 & 0.368 & 0.326 & 0.290 & 0.229 & 0.182 & 0,163 & 0.145 & 50.116 & 0.093 & \\ \hline Period 14 & 0.870 & 0.758 & 0.661 & 0.577 & 0.505 & 0.442 & 0.388 & 0.340 & 0.299 & 0.263 & 0.205 & 0.160 & 0.141 & 0.125 & 50.099 & 0.078 & \\ \hline Period 15 & 0.861 & 0.743 & 0.642 & 0.555 & 0.481 & 0.417 & 0.362 & 0.315 & 0.275 & 0.239 & 0.183 & 0.140 & 0.123 & 0.108 & 0.084 & 0.065 & \\ \hline Period 16 & 0.853 & 0.72B & 0.623 & 0.534 & 0.458 & 0.394 & 0.339 & 0.292 & 0.252 & 0.218 & 0.163 & 0.123 & 0.107 & 0.093 & 0.071 & 0.054 & \\ \hline Period 17 & 0.844 & 0.714 & 0.605 & 0.513 & 0.436 & 0.371 & 0.317 & 0.270 & 0.231 & 0.198 & 0.146 & 0.108 & 0.093 & 0.080 & 0.060 & 0.045 & \\ \hline Period 18 & 0.836 & 0.700 & 0.587 & 0.494 & 0.416 & 0,350 & 0.296 & 0.250 & 0.212 & 0.180 & 0.130 & 0.095 & 0.081 & 0.069 & 0.051 & 0,038 & \\ \hline Period 19 & 0.828 & 0.686 & 0.570 & 0.475 & 0.396 & 0.331 & 0.277 & 0.232 & 0.194 & 0.164 & 0.116 & 0.083 & 0.070 & 0.060 & 0.043 & 0.031 & \\ \hline Period 20 & 0.820 & 0.673 & 0.554 & 0.455 & 0.377 & 0.312 & 0.258 & 0.215 & 0,178 & 0.149 & 0.104 & 0.073 & 0.061 & 0.051 & 0.037 & 0.026 & \\ \hline Period 21 & 0.811 & 0,660 & 0.538 & 0.439 & 0.359 & 0.294 & 0.242 & 0.199 & 0.164 & 0.135 & 0.093 & 0.064 & 0.053 & 0,044 & 0.031 & 0.022 & \\ \hline Period 22 & 0.803 & 0.647 & 0.522 & 0.422 & 0.342 & 0.278 & 0.226 & 0.184 & 0.150 & 0.123 & 0.083 & 0.056 & 0.046 & 0.038 & 0.026 & 0.018 & \\ \hline Period 23 & 0.795 & 0.634 & 0.507 & 0.406 & 0.326 & 0.262 & 0.211 & 0.170 & 0.138 & 0.112 & 0.074 & 0.049 & 0.040 & 0.033 & 0.022 & 0.015 & \\ \hline Period 24 & 0.788 & 0.622 & 0.492 & 0.390 & 0.310 & 0.247 & 0.197 & 0.158 & 0.126 & 0.102 & 0.066 & 0.043 & 0.035 & 0.028 & 0.019 & 0.013 & \\ \hline Period 25 & 0.780 & 0.610 & 0.478 & 0.375 & 0.295 & 0.233 & 0.184 & 0.146 & 0,116 & 0.092 & 0.059 & 0.038 & 0.030 & 0.024 & 0.016 & 0.010 & \\ \hline Period 26 & 0.772 & 0.598 & 0.454 & 0.361 & 0.281 & 0.220 & 0.172 & 0.135 & 0.106 & 0.084 & 0.053 & 0.033 & 0.026 & 0.021 & 0.014 & 0.009 & \\ \hline \begin{tabular}{l} Period 27 \\ Period 26 \end{tabular} & \begin{tabular}{l} 0.764 \\ 0.757 \end{tabular} & \begin{tabular}{l} 0.566 \\ 0.574 \end{tabular} & \begin{tabular}{l} 0.450 \\ 0.437 \end{tabular} & \begin{tabular}{l} 0.347 \\ 0.333 \end{tabular} & \begin{tabular}{l} 0.268 \\ 0.255 \end{tabular} & \begin{tabular}{l} 0.207 \\ 0.196 \end{tabular} & 0.161 & 0.125 & 0.098 & 0.076 & 0.047 & 0.029 & 0.023 & 0.018 & 0.011 & 0.007 & \\ \hline \begin{tabular}{l} Period 28 \\ Period 20 \end{tabular} & \begin{tabular}{l} 0.757 \\ 0.749 \end{tabular} \mid & \begin{tabular}{l} 0.574 \\ 0.563 \end{tabular} & \begin{tabular}{l} 0.437 \\ 0.424 \end{tabular} & \begin{tabular}{l} 0.333 \\ 0.321 \end{tabular} & \begin{tabular}{l} 0.255 \\ 0.243 \end{tabular} & \begin{tabular}{l} 0.196 \\ 0.185 \end{tabular} & \begin{tabular}{l} 0.150 \\ 0.141 \end{tabular} & \begin{tabular}{l} 0.116 \\ 0.107 \end{tabular} & \begin{tabular}{l} 0.090 \\ 0.082 \end{tabular} & \begin{tabular}{l} 0.069 \\ 0.063 \end{tabular} & \begin{tabular}{l} 0.042 \\ 0.037 \end{tabular} & \begin{tabular}{l} 0.026 \\ 0.022 \end{tabular} & \begin{tabular}{l} 0.020 \\ 0.017 \end{tabular} & 0.016 & 0.010 & 0.006 & \\ \hline Perlad 30 & 0.742 & 0.552 & 0.412 & 0.308 & 0231 & 0.174 & 0.131 & 0.020 & 0.075 & 0.057 & \begin{tabular}{l} 0.037 \\ 0.033 \end{tabular} & 0.020 & \begin{tabular}{l} 0.017 \\ 0.015 \end{tabular} & \begin{tabular}{l} 0.014 \\ 0.012 \end{tabular} & \begin{tabular}{l} 0.008 \\ 0.007 \end{tabular} & \begin{tabular}{l} 0.005 \\ 0.004 \end{tabular} & \\ \hline Period 40 & 0.672 & 0.453 & 0.307 & 0.206 & 0.142 & 0.097 & 0.067 & 0.040 & 0.032 & 0.022 & 0011 & 0.005 & 0.004 & 0.003 & 0.001 & 0001 & \\ \hline Period SO & 0600 & 0.372 & 0228 & 0.141 & 0.087 & 0054 & 0.03 & 0.021 & 0.013 & 0.000 & 0.003 & 0.001 & 0.001 & 0001 & & & \\ \hline \end{tabular}