Beacon Company is considering automating its production facility. The initial investment in automation would be $8.49 million, and the equipment has a useful life of 7 years with a residual value of $1,140,000. The company will use straightline depreciation. Beacon could expect a production increase of 34,000 units per year and a reduction of 20 percent in the labor cost per unit. PA11-2 Part 1 Required: 1-b. Does Beacon Company favor automation? Complete this question by entering your answers in the tabs below. Complete the following table showing the totals. Note: Enter your answers in whole dollars, not in millions