Byron Corp. is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in cash flow of $90,000. The equipment will have an initial cost of $400,000 and have a 5 year life. The salvage value of the equipment is estimated to be $75,000 if the hurdle rate is 11%, what is the approximate net present value? Ignore income taxes. (Future Present Value of $1, Future Value Annuity of of $1.) (Use appropriate factor from the PV tables. Round your final S1. Present Value Annulty answer to the nearest dollar amount.) O Positive $75,000 Negative $22,857 O Zero O Positive $400,000