[The following information applies to the questions displayed below.] Beacon Company is considering automating its production facility. The initial investment in automation would be $10.04 million, and the equipment has a useful life of 8 years with a residual value of $1,160,000. 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. 2. Determine the project's accounting rate of return. (Round your answer to 2 decimal places.) Required information [The following information applies to the questions displayed below.] Beacon Company is considering automating its production facility. The initial investment in automation would be $10.04 million, and the equipment has a useful life of 8 years with a residual value of $1,160,000. 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. 3. Determine the project's payback period. (Round your answer to 2 decimal places.) Beacon Company is considering automating its production facility. The initial investment in automation would be $10.04 million, and the equipment has a useful life of 8 years with a residual value of $1,160,000. 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. 4. Using a discount rate of 15 percent, calculate the net present value (NPV) of the proposed investment. (Future Value of $1. Present Value of \$1. Future Value Annulty of \$1. Present Value Annuity of \$1.) (Use appropriate factor(s) from the tables provided. Negative amount should be indicated by a minus sign. Enter the answer in whole dollars.) Beacon Company is considering automating its production facility. The initial investment in automation would be $10.04 million, and the equipment has a useful life of 8 years with a residual value of $1,160,000. 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. 5. Recalculate the NPV using a 10 percent discount rate. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of \$1.) (Use appropriate factor(s) from the tables provided. Negative amount should be indicated by a minus sign. Enter the answer in whole dollars.)