Cloud Corp. is considering the purchase of a new piece of equipment. The equipment costs $30,070, and will have a salvage value of $4,070 after nine years. Using the new piece of equipment will increase Clouds annual cash flows by $6,070. Cloud has a hurdle rate of 13%. (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.)