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Samson Industries is deciding whether to automate one phase of its production process. The manufacturing equipment has a six-year life and will cost $920,000.00 Projected

Samson
Industries is deciding whether to automate one phase of its production process. The manufacturing equipment has a six-year life and will cost
$920,000.00
Projected net cash inflows are as follows:
$ 260,000 year 1
$ 254,000 year 2
$ 225,000 year 3
$ 214,000 year 4
$ 202,000 year 5
$ 177,000 year 6

what is the net present value? Should we do this project?

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