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Answer quickly and correctly for thumbs up. Thanks!! Grady Corp is considering the purchase of a new plece of equipment. The equipment costs $51,200, and

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Answer quickly and correctly for thumbs up. Thanks!!
Grady Corp is considering the purchase of a new plece of equipment. The equipment costs $51,200, and will have a salvage value of $5,120 after seven years. Using the new piece of equipment will increase Grady's annual cash flows by $6,090. Grady has a hurdle rate of 126. Future Volue of S1, Present Value of 51, Future Value Anoulty of $1. Present Value Annuity of 51.) (Use appropriate factor from the PV tables.) a. What is the present value of the Increase in annual cash flows? (Round your answer to 2 decimal places.) b. What is the present value of the salvage value? (Round your answer to 2 decimal places.) c. What is the net present value of the equipment purchase? (Negative value should be indicated by a minus sign. Round your Intermedinte calculation and final answer to 2 decimal places.) d. Based on financial factors, should Grady purchase the equipment? O Yes

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