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 $95,000. The equipment wi have an initial cost of $436,000 and have a 5 year life. The salvage value of the equipment is estimated to be $80,000 f the hurdle rate is 6%, what is the approximate net present value? Ignore income taxes. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) (Use appropriate factor from the PV tables. Round your final answer to the nearest dollar amount.) o $175,000 O $95,000 O $23,962 $(35,822)