Exercise 9-5 Swifty Industries is considering the purchase of new equipment costing $1,220,000 to replace existing equipment that will be sold for $183,600. The new equipment is expected to have a $220,000 salvage value at the end of its 4-year life During the period of its use, the equipment will allow the company to produce and sell an additional 39,500 units annually at a sales price of $23 per unit. Those units will have a variable cost of $12 per unit. The company will also incur an additional $91,100 in annual fixed costs. Calculate the present value of each cash w assuming an 6% discount rate. For calculation purposes, use 4 dec mal places as displayed in the actor table provided and round Enter negative amounts using a negative sign preceding the number e.g. -58,971 or parentheses e.g. (58,971).) nal answer to decimal lace, e S 58,971 Cash Flow Present Value Purchase of new equipment $ Salvage of old equipment Sales revenue Variable costs Additional fixed costs Salvage of new equipment Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT LINK TO VIDEO