Depreciation is \\( \\$ 10,070 \\) per year for the old equipment. The straight-line depreciation method would be used for the new equipment over an eight-year period with salvage value of \\( \\$ 4,600 \\). Calculate the net present value assuming a \12 rate of return. (Ignore income taxes.) (If the net present value is negative, use either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). For calculation purposes, use 5 decimal places as displayed in the factor table provided, e.g. 1.25124 and final answer to 0 decimal places, e.g. 5,275.) Click here to view the factor table. Net present value Pharoah Inc. is considering modernizing its production facility by investing in new equipment and selling the old equipment. The following information has been collected on this investment: TABLE 2 Present Value of 1 (Present Value of a Single Sum) \\[ P V F_{n, i}=\\frac{1}{(1+i)^{n}}=(1+i)^{-n} \\]