Samson Industries is deciding whether to automate one phase of its production process. The manufacturing equipment has a six$-$year life and will cost $$910,000.$ Projec $($Click the icon to view the projected net cash inflows.$)$

$($Click the icon to view the present value table.$)$

$($Click the icon to view the future value table.$)$

Read the requirements.

Requirement $1.$ Compute this project's NPV using Samson Industries' $14\%$ hurdle rate. Should Samson Industries invest in the equipment? Why or why not?

Begin by computing the project's NPV $($net present value$).($Round your answer to the nearest whole dollar. Use parentheses or a minus sign for negative net present val

Net present value

Net present value

Reference

$\backslash$table$[[$Present Value of $$1,,,],[$Periods$,1\%,2\%,3\%,4\%,5\%,6\%,8\%,10\%,12\%,14\%,16\%,18\%$