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 $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 hurdie rate is 8%, what is the approximate net present value? Ignore income taxes Future Value of S Present Value of $1, Future Value Annuity of $1. Present Value Annuity of $1) (Round your PV factors to 4 decimal places and final answer to the nearest dollar amount O $228.000 O s145,000 O $115.431 O $(58.942) Type here to search FY F3 FS 2 3 4 5 8