Blue Spruce Industries is considering the purchase of new equipment costing $1,207,000 to replace existing equipment that will be sold for $188,800. The new equipment is expected to have a $203,000 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 38,800 units annually at a sales price of $21 per unit. Those units will have a variable cost of $14 per unit. The company will also incur an additional $99,500 in annual fixed costs. Click here to view the factor table. Calculate the present value of each cash flow assuming an 5% discount rate. (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to 0 decimal place, e.g. 58,971. Enter negative amounts using a negative sign preceding the number e.s. -58.971 or parentheses e.8. (58.971).) Cash Flow Present Value $ Purchase of new equipment Salvage of old equipment Sales revenue Variable costs Additional fixed costs Salvage of new equipment