Flounder Industries is considering the purchase of new equipment costing \\( \\$ 1,500,000 \\) to replace existing equipment that will be sold for \\( \\$ 130,000 \\). The new equipment is expected to have a \\( \\$ 200,000 \\) salvage value at the end of its 5 -year life. During the period of its use, the equipment will allow the company to produce and sell an additional 25,000 units annually at a sales price of \\( \\$ 35 \\) per unit. Those units will have a variable cost of \\( \\$ 22 \\) per unit. The company will also incur an additional \\( \\$ 80,000 \\) in annual fixed costs. Click here to view the factor table. (a) Calculate the net present value of the proposed equipment purchase. Assume that Flounder uses a 10\\% discount rate. (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to 0 decimal place, eg. 58,971. Enter negative amount using a negative sign preceding the number eg \\( -59,992 \\) or parentheses eg. \\( (59,992) \\mathrm{J} \\) Net present value (b) Do you recommend that Flounder Industries invest in the new equipment? Present value of an annuity of \\$1 per period. APPEND1X 9.1 Present value of \\( \\$ 1 \\) received in \\( n \\) periods