patback for refurbishing the cutrent machine = ____ years +____ %_____= ____years

Investment Project Scenario Pizza Palace is a pizza restaurant known for its posh dcor and its brick-oven pizza. Pizza Palace has five brick ovens that need attention and is considering two options. Both options will cost around $1,000,000. Option 1 is to refurbish its current brick-ovens. If refurbished, Pizza Palace expects the ovens to last another 6 years. Option 2 is to replace the current ovens. New ovens would last 8 years and have no residual value. Pizza Palace expects the following net cash inflows from the two options: Pizza Palace uses straight-line depreciation and requires an annual return of 10% Payback: Peturbish current Machine Net Cash Outfiows plefurbli Cuerent Machine Net Cach intowikefurbish Current Machine Year \begin{tabular}{|r|r|r|} \hline Amount inveited & Annual & Accumulated \\ \hline 600,000 & 6 & 100,000 \\ \hline 500,000 & 6 & 83,333,30 \\ \hline 400,000 & 6 & 66,66.6.70 \\ \hline 300,000 & 6 & 50,000 \\ \hline 200,000 & 6 & 33,331.50 \\ \hline 100,000 & 6 & 16666,7 \\ \hline & & \\ \hline & & \\ \hline \end{tabular}