Required:

Using a discount rate of $15$ percent, calculate the net present value $($NPV$)$ of the proposed investment. $($Future Value of $$1,$ Present

Value of $$1,$ Future Value Annuity of $$1,$ Present Value Annuity of $$1.)$

Note: Use appropriate factor$($s$)$ from the tables provided. Negative amount should be indicated by a minus sign. Enter the answer

in whole dollars.

Net present valueRequired information

$[$The following information applies to the questions displayed below.$]$

Beacon Company is considering automating its production facility. The initial investment in automation would be

$$12\mathrm{.}80$ million, and the equipment has a useful life of $10$ years with a residual value of $$1,200,000.$ The company will

use straight$-$line depreciation. Beacon could expect a production increase of $34,000$ units per year and a reduction

of $20$ percent in the labor cost per unit.$\backslash$table$[[$Periods$,2\%,3\%,3\mathrm{.}75\%,4\%,4\mathrm{.}25\%,5\%,6\%,7\%,8\%$