5 . Newport Corp. is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual in a 6 year life. There is no salvage value for the equipment. If the hurdle rate is 7%, what is the approacimate net present value? ignore incom Annuity of S1) (Use appropriate factor from the PV tables. Round your final answer to the nearest dollar amount) $950,000 $977132 $316,667 $27132 Type here to search O BI De h - M 2 3 5 6 7 8 9 se of a new piece of equipment. The cost savings from the equipment would rest in an annual increase in cash flow of S205.000. The equipment will have an initial cost of $950,000 and have the equipment the hurdie rate is 7%, what is the approximate net procent value ignore income taxes (Future Value of $1. Present Value of $1. Future Value Annuty of St Present Value Tom the PV tables Round your final answer to the newest dollar amount) De top 7:05 PM 8/10/2010 1 0 prise delete 8 5 9 0 backspace num lock T o 7 poup J K enter 5. B N . 2