Flexsteel industries manufactures furniture for the retail, contiact, and iecreotional vehicle furniture markets. Flexsteal is considering the purchose of a new piece of equipment. The cost savings from the equipment would result in an annual increase in cash flow of 5115.000 The equipment will have an initial cost of $535,000 and have 05 -year life. The solvage value of the equipment is estimated to be $84,000. If the hurdle rate is 5\%, what is the opproximate net present value? ignore income taxes, (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. Round your final answer to the nearest dollar amount.) Multiple Choice $(37,107) $28,707 $199,000 $115,000 Flexsteel industries manufactures furniture for the retail, contiact, and iecreotional vehicle furniture markets. Flexsteal is considering the purchose of a new piece of equipment. The cost savings from the equipment would result in an annual increase in cash flow of 5115.000 The equipment will have an initial cost of $535,000 and have 05 -year life. The solvage value of the equipment is estimated to be $84,000. If the hurdle rate is 5\%, what is the opproximate net present value? ignore income taxes, (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. Round your final answer to the nearest dollar amount.) Multiple Choice $(37,107) $28,707 $199,000 $115,000