Grady Corp is considering the purchase of a new piece of equipment. The equipment costs $51200 and wis have a salvage value of $5,190 after seven years. Using the new piece of equipment will increase Grady's annual cash rows by $5.000. Grady has a hurdle rate of 9% Future Value of $1. Present Value of $1. Future Value Annuity of 5 1. Present Value Annuity of St. Use appropriate factor from the PV tables.) 6. What is the present value of the increase annual cash flows Round your answer to 2 decimal places Present Value b. What is the present value of the salvage value? (Round your answer to 2 decimal places.) Present Value c. What is the nei present value of the equipment purchase? (Negatlve value should be Indicated Intermediate calculation and final answer to 2 decimal places.) Net Present Value d. Based on financial factors, should Gracly purchase the equipment? No