Byron Corp. is considering the purchase of a new plece of equipment. The cost savings from the equipment would result in an annual increase in cash flow of $108.000. The equipment will have an initial cost of $450,000 and have a 5-year life. The salvage value of the equipment is estimated to be $80,000. If the hurdle rate is 8%, what is the approximate net present value? Ignore Income taxes. Future Value of $1. Present Value of Si, 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 535660 $(1878) 5108 000 S188.000