Ayayai Industries is considering the purchase of new equipment costing $ 1.500,000 to replace existing equipment that will be sold for $ 120,000. The new equipment is expected to have a $ 180,000 salvage value at the end of its 5-year life. During the period of its use, the equipment will allow the company to produce and sell an additional 20,000 units annually at a sales price of $ 35 per unit. Those units will have a variable cost of $ 22 per unit. The company will also incur an additional $ 90,000 in annual fixed costs. Click here to view the factor table. (a) Calculate the net present value of the proposed equipment purchase. Assume that Ayayai uses a 10% discount rate. (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to O decimal place, es, 58,971. Enter negative amount using a negative sign preceding the number eg.-59,992 or parentheses es (59,9921) Net present value (b) Do you recommend that Ayayalindustries invest in the new equipment