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 $115,000. The equipment will have an initial cost of $485,000 and have a 5-year life. The salvage value of the equipment is estimated to be $79,000. If the hurdle rate is 12%, what is the approximate net present value? Ignore income taxes Future Value of $1. Present Value of $1. Future Value Annuity of $1. Present Ve tables. Round your final answer to the nearest dollar amount.) Multiple Choice O Negative $25,623 Positive $485,000 O Positive $79,000