Flint Industries is considering the purchase of new equipment costing $1,044,000 to replace existing equipment that will be sold for $156,600. The new equipment is expected to have a $174,000 salvage value at the end of its 3-year life. During the period of its use, the equipment will allow the company to produce and sell an additional 26,100 units annually at a sales price of $17 per unit. Those units will have a variable cost of $10 per unit. The company will also incur an additional $78,300 in annual fixed costs. Click here to view the factor table. (a) Calculate the net present value of the proposed equipment purchase. Assume that Filnt uses a 10% discount rate. (For calculation purposes use 4 decimal places as disp ayed proided and round final answer to 0 decimal place, e.g. 58,971. Enter negative amount using a negative sign preceding the number eg. 59,992 or Net present value $ (b) Do you recommend that Flint Industries invest in the new equipment