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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 37 million and the equipment has a useful life of 8 years with a residual value of $1.010,000. The company will use straight me depreciation Beacon could expect a production increase of 42.000 units per year and a reduction of 20 percent in the labor cost per unit Current Co station) 12.00 units Propted (wtoration) 124,00 units unit Total Unit Total 115 25 51 > Production and even Sales revenue Variable costs Direct step Direct labor Variable facturing whead Total variable acting con Contribution in Fixed manufacturing costs Net ceratis income 40 54 11240 $ 2,310, Required: Required: 1-a. Complete the following table showing the totals. (Enter your answers in whole dollars, not in millions.) Current (no automation) 82,000 units Per Unit 3 00 Proposed (automation) 124,000 units Per Unit Total $ od Total $ 15 $ 15 25 Production and Sales Volume Sales revenue Variable costs Direct matenals Direct labor Variable manufacturing overhead Total variable manufacturing costs Contribution margin Fixed manufacturing costs Net operating income 9 49 $ 47 $ 53 $ 1.240,000 $ 2.190.000 2. Determine the project's accounting rate of return. (Round your answer to 2 decimal places.) Accounting rate of return 96 6 3. Determine the project's payback period. (Round your answer to 2 decimal places.) Payback period years 4. Using a discount rate of 13 percent, calculate the net present value (NPV) of the proposed investment Future Value of St. Present Value of si, Future Value Annuity of $1. Present Voice Amway 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.) Net present value 5 47 5 52 contribution margin Fixed manufacturing costs Net operating income $ 1,240,000 $ 2,190,00 5. Recalculate the NPV using a 8 percent discount rate, (Future Value of $1. Present Value of $1. Euture 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.) Net present value