Exercise Three (4 points) Pluto Corp. is considering investing in an automated manufacturing line. Installation of the line will cost $2,440,000 and must be paid up front. It will be depreciated using straight-line depreciation and is expected to last four years and have a salvage value of $225,000. The increase in contribution margin from having the automated line for each year are expected to be as follows: Year 1 $600,000 Year 2 $800,000 Year 3 - $800,000 Year 4-$900,000 Pluto is subject to a 20% tax rate and uses a discount rate of 8% when making investment decisions. What is the NPV of the investment in an automated line: Given your calculation, what would you recommend that the company do