Beidgeport industries is cansidering the purchase of new equipment costing $1,500,000 to replace existing equipment that will be sold for $150,000. The new equipment is expected to have a $220,000 salvage value at the end of las 5 yeat life. During the period of its use, the equipment will allow the compary to protuce and sell an additional 25,000 units annually at a sales price of $36 per units Those units will have a variable cost of $22 per unit. The company will aho incur an additional $80,000 in andual fued costs. Cilck here to view the factor table. (a) Calculste the net present value of the progosed equipment porthase. Assume that Bridgeport uses a 106 siscount rate. Ifor. calculotion purposes, use 4 declmal places as daploved in the factor table provided and round find answer to 0 decimal pioce, es 52,77 . Enter Hetpretent vabue $ (b) Bo you recomenend that Bridgeport indutties invest in the new equipenent