Schultz Inc. is deciding to automate either its Molding department or its Finishing department. Funds are only available for one automation. You must decide which department will be automated. The original cost, net cash inflows, and hurdle rates are shown below for each project. Calculate the payback period, internal rate of return, and net present value for each project. Then decide which department you would choose to automate based on this information. Explain your answer. Calculations and explanations can be given on this worksheet. Formulas must be used in the ansrer deres for the payback period IRR, and NPyro receive ceol. Molding $ (925,000) $ Hurdle Rate: Original Cost: Net Cash Inflows: Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 372,000 340,000 227,000 209,000 199,000 159,000 Payback period: Internal Rate of Return: Net Present Value: Explanation textbox: Would you choose to automate the Molding department? Why? Finishing 874 (2,000,000) $ Hurdle Rate: Original Cost: Net Cash Inflows: Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 365,000 475,000 375,000 275,000 329,000 429,000 329,000 279,000 Payback period Internal Rate of Return: Net Present Value: Explanation textbox: Would you choose to automate the Finishing department? Why