Beacon Company is considering automating its production facility. The initial investment in automation would be $11.31 million, and the equipment has a useful life of 9 years with a residual value of $1,140,000. The company will use straight-line depreciation. Beacon could expect a production increase of 36,000 units per year and a reduction of 20 percent in the labor cost per unit. Complete the following table showing the totals.

Required information [The following information applies to the questions displayed below.] Beacon Company is considering automating its production facility. The initial investment in automation would be $11.31 million, and the equipment has a useful life of 9 years with a residual value of $1,140,000. The company will use straight-line depreciation. Beacon could expect a production increase of 36,000 units per year and a reduction of 20 percent in the labor cost per unit