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[The following information applies to the questions displayed below.] Beacon Company is considering automating its production facility. The initial investment in automation would be $15

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[The following information applies to the questions displayed below.] Beacon Company is considering automating its production facility. The initial investment in automation would be $15 million, and the equipment has a useful life of 10 years with a residual value of $500,000. The company will use straightline depreciation. Beacon could expect a production increase of 40,000 units per year and a reduction of 20 percent in the labor cost per unit. Complete the following table showing the totals. Note: Enter your answers in whole dollars, not in millions

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