Venu industries is deciding whether to aufomate one phase of its production procoss. The manufacturing equipment has a sicyear ife and wil cost $900,000. Projected net cash inflows are as follows: (Click the ioon to viow the projected net cash inflowe) [Click the icon to view Present Value of \$1 table.] (Click the icon to vew Present Whice of Ordinary Anruily of $1 table.) Read the requirements. Requirement 1. Compute this propects NPV using Venu's 10% hurde rate. Should Venu inwest in the equipment? Use the following table to calculate the net present value of the project. (Enter any factor amounts to three decimal places, Xx ocx. Use parentheses or a minus sign foc a negative ret present value follows: (Click the icen to view the prejected net cashinflews) (Click the icon to view Present Value of $1 table.) (Cick the icon fo view Presend Value of Orsinary Annuity of $1 table.) Read the requirements. Requirements 1. Compute this project's NPV ising Venu's 16% hurde rate. Should Venu irvest in the equiprisot? 2. Vencl could refurbish the equipment at the end of six years for 5101,000 . The refurbished equipment oould be used one more yeak, providing 572.000 of net cash inflows in year 7. Adstionaly, the refurbished equipment would have a \$51,000 residual value at the end of year 7, Should veru invest in the Requirement 1, discount the additional cash outhow and inflows back io the present value.)