Byron Corporation is considering the purchase of a now piece of equipment. The cost savings from the equipment would result in an annual increase in net cash flow of $145,000. The equipment wil have an initial cost of $525,000, a 5 year useful life, and an estimated salvage value of $79,000. If the company's cost of capital is 12%, what is the approximate net present value? (Future Value of $1, Present Value of $1. Future Value Annulty of $1, Present Value Annuity of $1] Note: Use the appropriate factors from the PV tables. Muluple Cnaice $145,000 $2,704) 542,521 $224,000