Reg uirement 2: Broadway could refurbish the equipment at the end of the six years for $100,000. The refurbished equipment could then be used one more year, providing $60,000 of net cash inows in year 7 and the equipment would then have a residual value of $44,000 at the end of year '1'. Should Broadway plan to refurbish the equipment aer six years? gash [Outflow] or Inow PV Factor from Table Present Value Refurbishment at the end of 6 years (100,000) .564 Cash inows in year 7 60,000 Residual Value in year 7 11. _| Net Present Value of the refurbishment 12. =l Should Broadway invest in the refurbishment