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 $100.000 The equipment will have an initial cost of $406.000 and have a 5-year life. The salvage value of the equipment is estimated to be $77000. 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 Value Annuity of $1. (Use appropriate factor from the PV tables. Round your final answer to the nearest dollar amount.) Multiple Choice O o zero O O O Pourve $106.000 O Negative $1830 O o Positive $77000