Byron Corp. is considering the purchase of a new piece of equipment. The cost savings from the equipment would res In an annual increase in cash flow of $145,000. The equipment will have an initial cost of $520,000 and have a 5 year life. The salvage value of the equipment is estimated to be $83,000. If the hurdle rate is 8%, what is the approximate net present value? Ignore income taxes, (Euture Value of $1. Present Value of $1. Future Value Annuity of $1. Present Value Annuity of $1.) (Use appropriate foctor from the PV tables, Round your final answer to the nearest dollar amount.) Multiple Choice $115,431 $228,000 $145,000 $(58,942)