Eve Industries is deciding whether to automate one phase of its production process. The manufacturing...

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Accounting

Eve Industries is deciding whether to automate one phase of its production process. The manufacturing equipment has a six-year life and will cost $ 915 comma 000. Projected net cash inflows are as follows Eve Industries is deciding whether to automate one phase of its production process. The manufacturing equipment has a six-year life and will cost $915,000.
Projected net cash inflows are as follows:
(Click the icon to view the projected net cash inflows.)
Compute this project's NPV using Eve's 16% hurdle rate. Should Eve 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.)
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