Requirement 2. Venu could refurbish the equipment at the end of six years for $106,000. The refurbished equipment could be used one mose year, providing 578 , Do0 of net cash. Intlows in year. 7 . Additionally, the refurbished equipment would have a 552,000 residual value at the end of year 7 . Should Vonu invest in the equipmant and refutish ir after nbs years? (Hint In addition to your answrer to Requirement 1, discount the additional cash outlow and infliows back to the present value.) Calculate the NPV of the refurbishment. (Enter any factor amounts to three decimal places, XXX. Use parentheses of a minus sign for cash outlows and for a negative nit prenent value.) Requirements 1. Compute this project's NPV using Venu's 14% hurdle rate. Should Venu invest in the equipment? 2. Venu could refurbish the equipment at the end of six years for $106,000. The refurbished equipment could be used one more year, providing $78,000 of net cash inflows in year 7 . Additionally, the refurbished equipment would have a $52,000 residual value at the end of year 7 . Should Vepu invest in the equipment and refurbish it after six years? (Hint: In addition to your answer to Requirement 1, discount the additional cash outflow and inflows back to the present value.)