Requirement 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 inflows in year 7 and the equipment would then have a residual value of $44,000 at the end of year 7. Should Broadway plan to refurbish the equipment after six years? (Hint: see What if paragraph, page 4) Cash (Outflow) or Inflow PV Factor from Table Present Value .564 Refurbishment at the end of 6 years (100,000) Cash inflows in year 7 60,000 Residual Value in year 7 Net Present Value of the refurbishment .513 12. = Should Broadway invest in the refurbishment