considering the purchase of a new piece of equipment. The cost savings from the equipment would resuit in an annual increase in cash ffow of $90,000. The equipment wit have an initiat cost of $400,000 ond have o 5 year tife. The salvage value of the equipment is estimated to be $75,000. If the discount rate is 7%, what is the approximate net present value? lgnore income taxes. ( Future Value of \$1, Present Value of \$1. Future Volue Annuity of \$1, Present Value Annuity of \$1.) (Use appropriate factor from the PV tables. Round your final answer to the nearest dollar amount.) Multible Croice 590000 $22,493 $165.000 eranoon