Avery Company needs a new computerized laser system for its manufacturing rocess. The cost of the new system is $$1,000,000.$ The expected useful life of he system is $10$ years. At the end of $10-$year period, the system would have no alvage value. After installation, the machine would increase cash inflows by he following amounts per year:

r$.1$$$100,000$

r$,275,000$

r$.367,000$

r$.495,000$

r$.590,000$

r$.6105,000$

Yr$.780,000$

Yr$,868,000$

Yr$.977\mathrm{.}000$

Yr$.1077,000$

very wants to know the net present value and internal rate of return of the stem to accept or reject this investment. The minimum required rate of turn of the company is $19\%$ on all capital investments.

hat is the NPV and IRR using your calculator? Should the company accept reject the investment? Why? You must show your work or no credit. Your wer$($s$)$ must reflect four decimal places to the right of the decimal point or credit.