Question 3 Assume a Company has an opportunity to buy a machine for $910,000. Anticipated cash flows for Year 1 to Year 6 is listed below. In addition, the company can refurbish the equipment at the end of 6 years. Refurbishing the equipment will cost $102,000 and will generate $274,000 of cash flows in year 7. Finally, the equipment would have a residual value of $80,000 at the end of year 7. Assume the Company has a 16% required rate of return. What is the NPV of the project? A. $14,080. Year Net Cash Inflow/(outflow) Year 1 $264,000 B. $55,900. Year 2 $252,000 Year 3 $222,000 C. $97,720. Year 4 $210,000 D. $924,080. Year 5 $203,000 Year 6 $173,000