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Beacon Company is considering automating its production facility. The initial investment in automation would be $6.20 million, and the equipment has a useful life of 5 years with a residual value of $1,100,000. The company will use straightline depreciation. Beacon could expect a production increase of 31,000 units per year and a reduction of 20 percent in the labor cost per unit. Required: 2. Determine the project's accounting rate of return. Note: Round your answer to 2 decimal places. Required: 3. Determine the peoject's paybock period Note: Round your answer to 2 decimal places. Required: 4. Using a discount rate of 14 percent, calculate the net present volue (NPV) of the proposed investment. (Future Volue of S1, Present V. Ulue of S1. Futute Value Annuity of S1, Present Value Annuitycots.) Note: Use appropriate factor(s) from the tables provided. Negative amount should be indicated by a minus sign. Enter the answer in whole dollars. Required: 5. Recalculate the NPV using a 9 percent discount rate. Euture Vatue of S1. Present Volue of S1. Euture Voluc Annuliy of S1, Pressent Note: Use appropriate factor(s) from the tables provided. Negative amount should be indicated by a minus sign. Enter the answer in whole dollars