Venu Industries is deciding whether to automate one phase of its (Click the icon to view the projected net cash inflows.) (Click the icon to view Present Value of $1 table.) (Cli Read the Data table Net present value of the project Venu Industries invest in the equipment. Requirement 2. Venu could refurbish the equipment at the end of would have a $50,000 residual value at the end of year 7 . Should Reference (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 Requirement 1. Compute this project's NPV using Venu's 16% hurdle rate. Should Venu invest in the equipment? Venu Industries irivest in the equipment. (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 Venu Industries invest in the equipment. the present value.) The relurbishment provides a NPV. The refurtishment NPV is to overcome the original NPV of the equipment. Therefore, the refurtishment alter Venu Industries' original decision regarding