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 4 Required: 4. Using a discount rate of 14 percent, calculate the net present value (NPV) of the proposed investment. (Future Value of $1. Present Value of \$1. Euture Value Annuity of \$1. Present Value Annuity of $1. Note: Use appropriate factor(s) from the tables provided. Negative amount should be indicated by a minus sign. Enter the answer in whole dollars