Please help, will give a thumbs up if correct

Petal hodusties is deciding whether to automate one phase of is production process. The munulacturing equipment has a six-yeur lfe and wit cost $930,000. Projected net cash inflows are as follows: (Click the icen to view the propected net cash inflows) Read the reaurements: Requirement 1. Campute tha projects NeV ueing Petars 16 s hurde rale should Petal invest in the equipment? f its production process. The manufacturing equipment has a six-year life and will cost $930,000. Projected net cash inflow (Click the icon to view Present Value of Ordinary Annuity of \$1 table.) Data table es or a minus sign for a negative net prese Reference Reference Reference Present Value of Ordinarv Annuitv of $ omate one phase of its production process. The manufacturing equipment has a six-year life and will cost $930,000. Projected net cash inflo et cash inflows.) of \$1 table.) (Click the icon to view Present Value of Ordinary Annuity of \$1 table.) Requirements 1. Compute this project's NPV using Petal's 16% hurdle rate. Should Petal invest in the equipment? 2. Petal could refurbish the equipment at the end of six years for $106,000. The refurbished equipment could be used one more year, providing $74,000 of net cash inflows in year 7 . Additionally, the refurbished equipment would have a $53,000 residual value at the end of year 7 . Should Petal invest in the equipment and refurbish it after six years? (Hint: In addition to your answer to Requirement 1, discount the additional cash outtlow and inflows back to the prosent value.)