Requirement 1. Compute this project's NPV using Cury's 14% hurdle rate. Should Cury 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, X.XXX. Use parentheses or a minus sign for a negative net present value.) Years Year 1 Present value of each year's inflow: (n = 1) Year 2 Present value of each year's inflow: (n = 2) Year 3 Present value of each year's inflow: (n = 3) Year 4 Present value of each year's inflow: (n = 4) Year 5 Present value of each year's inflow: (n = 5) Year 6 Present value of each year's inflow: (n = 6) Total PV of cash inflows Year 0 Initial investment Net present value of the project Net Cash Inflow PV Factor (i = 14%) Present Value $ 1.017 $ 229 U.,.y 0.75 100 20 TUT) 0.032 19 170,000 0.430 7800 $ (36,27) Cury Industries should not invest in the equipment. Requirement 2. Cury could refurbish the equipment at the end of six years for $103,000. The refurbished equipment could be used one more year, providing $72,000 of net cash inflows in year 7. Additionally, the refurbished equipment would have a $55,000 residual value at the end of year value.) Calculate the NPV of the refurbishment. (Enter any factor amounts to three decimal places, X.XXX. Use parentheses or a minus sign for cash outflows and for a negative net present value.) Cash (outflow)/inflow Refurbishment at the end of Year 6 (n = 6) $ Cash inflows in Year 7 (n = 7) Residual value (n = 7) Net present value of the refurbishment PV Factor (i = 14%) Present Value 100 $ 23,334 00 3,0~ 333 The refurbishment provides a positive NPV. The refurbishment NPV is not large enough to overcome the original NPV of the equipment. Therefore, the refurbishment should not alter Cury Industries' original decision regarding the equipment investment. Cury Industries is deciding whether to automate one phase of its production process. The manufacturing equipment has a six-year life and will cost $920,000. Projected net cash inflows are as follows: (Click the icon to view the projected net cash inflows.) (Click the icon to view Present Value of $1 table.) Read the requirements. (Click the icon to view Present Value of Ordinary Annuity of $1 table.)