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Flexsteel industries manufactures furniture for the retail, contract, and recreational vehicle furniture markets. Flexstells thinking of Investing in a new piece of equipment. The cost savings from the equipment would result in an annual increase in cash flow of 10 DOO The equipment will have an initial cost of $488,000 and have a 5-year life. The salvage value of the equipment is estimated to be $75,000, in the hurdle rate is 8%, what is the approximate net present value ignore income taxes (Future Value of $1. Present Value of 51. Future Value Annulty of 51. Present Value Annuity of $1.) (Use appropriate factor from the PV tables. Round your final answer to the nearest dollar amount.) Multiple Choice Zero Positive 575.000 Negative $17041 Positive $488.000 5