Cleaners, Inc. is considering purchasing equipment costing $60,000 with a 6-year-useful life. The equipment will provide...

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Cleaners, Inc. is considering purchasing equipment costing $60,000 with a 6-year-useful life. The equipment will provide cost savings of $14,600 and will be depreciated straight- line over its useful life with no salvage value. Cleaners requires a 10% rate of return. < Present Value of an Annuity of 1 Period 6 --8%+ 4.623 --9%+ + 4.486 -10%+ -11%+ -12%+ 4.231 4.111 + - + 4.355 + What is the approximate net present value of this investment? - -15%+ 3.784 What is the approximate profitability index associated with this equipment? Cleaners, Inc. is considering purchasing equipment costing $60,000 with a 6-year-useful life. The equipment will provide cost savings of $14,600 and will be depreciated straight- line over its useful life with no salvage value. Cleaners requires a 10% rate of return. < Present Value of an Annuity of 1 Period 6 --8%+ 4.623 --9%+ + 4.486 -10%+ -11%+ -12%+ 4.231 4.111 + - + 4.355 + What is the approximate net present value of this investment? - -15%+ 3.784 What is the approximate profitability index associated with this equipment?