Grady Corporation is considering the purchase of a new piece of equipment. The equipment costs $52,000 and will have a salvage value of $5,130 after 9 years. Using the new plece of equipment will increase Grady's annual net cash flows by $6,010. Grady's cost of capital is 10\%. (Future Value of \$1. Present Value of \$1. Future Value Annuity of \$1. Present Value Annuity of \$1) Note: Use appropriate factor from the PV tables. Required: a. What is the present value of the increase in annual cash flows? b. What is the present value of the salvage value? c. What is the net present value of the equipment purchase? d. Based on financial factors, should Grady purchase the equipment? Complete this question by entering your answers in the tabs below. What is the present value of the increase in annual cash flows? Note: Round your answer to the nearest whole dollar