For the 2nd NPV 11375 is incorrect too

Question 2 Bridgeport Company manufactures automobile components for the worldwide market. The company has three large production facilities in Virginia, New Jersey, and California, which have been operating for many years. Brett Harker, vice president of production, believes it is time to upgrade operations by implementing computer-integrated manufacturing (CIM) at one of the plants. Brett has asked corporate controller Connie Carson to gather information about the costs and benefits of implementing CIM. Carson has gathered the following data: Initial equipment cost $ 6,372,000 Working capital required at start-up $ 637,200 Salvage value of existing equipment $ 79,650 Annual operating cost savings $ 892,080 Salvage value of new equipment at end of its useful life $ 212,400 Working capital released at end of its useful life $ 637,200 Useful life of equipment 10 years Bridgeport Company uses a 12% discount rate. Your answer is correct. Calculate the net present value of Bridgeport's proposed investment in CIM. (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to o decimal place, e.g. 58,971. Enter negative amounts using a negative sign preceding the number, e.g. -59,991 or parentheses, e.g. (59,991).) -1615551 Net present value SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO VIDEO Your answer is correct. Use Excel or a similar spreadsheet application to calculate the internal rate of return on Bridgeport's proposed investment. (Round internal rate of return to 2 decimal places, e.g. 15.25%.) 76.00) Internal rate of return 6 .00 Your answer is partially correct. Try again. Andrew Burr, manager of the Virginia plant, has been looking over Carson's information and believes she has missed some important benefits of implementing CIM. Burr believes that oor space in the factory than the old equipment, freeing up 6,000 square feet of space for a planned new research facility. Initial plans called for renting additional space for the new facility, at a cost of $21.24 per square foot. Calculate a revised net present value and internal rate of return using this additional information. (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to O decimal places, e.g. 58,971. Round internal rate of return to 2 decimal places, e.g. 15.25%.) 11374 Net present value su Internal rate of return 12.00% Does your recommendation change as a result of this new information? Yes Click if you would like to Show Work for this question: Open Show Work