Determine the projects accounting ate (Round your answer to 2 decimal places.) Accounting Rate of Return % 3. Determine the project's payback period. (Round your answer to 2 decimal places.) Payback Period years 4. Using a discount rate of 13 percent, calculate the net present value (NPV) of the proposed investment. (Future Value of $1, Present Value of $1. Future Value Annuity of $1. Present Value Annuity of $1.) (Use appropriate factor(s) from the tables provided. Negative amount should be indicated by a minus sign. Enter the answer in whole dollar. Round the final answer to nearest whole dollars.) Net Present Value This is a numeric cell, so please enter numbers only. 5. Recalculate the NPV using a 8% discount rate. (Future Value of $1, Present Value of $1, Future Value Annuity of $1. Present Value Annuity of $1.) (Use appropriate factor(s) from the tables provided. Negative amount should be indicated by a minus sign. Enter the answer in whole dollar. Round the final answer to nearest whole dollars.) Net Present Value PA11-2 (Algo) Making Automation Decision [LO 11-1, 11-2, 11-3, 11-5] [The following information applies to the questions displayed below.] Beacon Company is considering automating its production facility. The initial investment in automation would be $9.48 million, and the equipment has a useful life of 7 years with a residual value of $1,150,000. 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. Current (no automation) 88,000 units Proposed (automation) 124,000 units Per Per Production and sales volume Unit Total Unit Total Sales revenue $ 95 $ ? $ 95 $ ? Variable costs Direct materials $ 18 $ 18 Direct labor 20 Variable manufacturing overhead 10 10 Contribution margin Total variable manufacturing costs Fixed manufacturing costs 48 ? $ 47 $51 ? $ 1,250,000 $ 2,270,000 Net operating income ? ? PA11-2 Part 2 2. Determine the project's accounting rate of return. (Round your answer to 2 decimal places.) Accounting rate of return %