Bridgeport Industries is considering 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 its 5 -year life. During the period of its use, the equipment will allow the company to produce and sell an additional 25,000 units annually at a sales price of $36 per unit. Those units will have a variable cost of $22 per unit. The compary will also incur an additional $80,000 in arnual fixed costs. Click here to view the factor table. (a) Calculate the net present value of the proposed equipment purchase. Assume that Bridgeport uses a 106 discount rate: (For colculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to 0 decimol place, es. 58,971 . Enter negative amount using a negotive sign preceding the number es. -59,992 or parentheses es. (59,992. Net present value (b) Do you recommend that Bridgeport industries invest in the new equipment