Feksteel Induetries manufectures fumiture for the retalt, contract, and recreationat vehicle furniture markats. Flexsteet is considerthg the purchase of a new plece of equipment. The cost savings from the equipment would rasult in an annual increase in cash fow of $130,000. The equipment will hive an initial cost of $525,000 and hive a 5 year life. The satuage untue of the coulpment is estimated to be $76,000. If the hurdle rate is 10%, What is the approvimate net present valuef ignore income twes. I Future Value of 51. Present Value of 51. Future Value Annulty of \$1, Present Value Annulty of S1.) (Use appropriate factor lrom the PV tables. Round your final answer to the nearest dollar amount.) M. miple Chotce 514.998 s.32,196) 5+30,000