Venu Industries is deciding whether to automate one phase of its production process. The manufacturing equipment has a six$-$year life and will cost $$930,000.$ Projected net cash inflows are as follows:

$($Click the icon to view the projected net cash inflows.$)$

$($Click the icon to view Present Value of $$1$ table.$)($Click the icon to view Present Value of Ordinary Annuity of $$1$ table.$)$

Read the requirements.

Requirement $1.$ Compute this project's NPV using Venu's $14\%$ hurdle rate. Should Venu invest in the equipment?

Use the following table to calculate the net present value of the project. $($Enter any factor amounts to three decimal places,

X$.$XXX$.$ Use parentheses or a minus sign for a negative net present value.$)$

$\backslash$table$[[$Years$,,\backslash$table$[[$Net Cash$],[$Inflow$]],\backslash$table$[[\backslash$table$[[$PV Factor $(i$