Grouper Industries is considering the purchase of new equipment costing $1,237,000 to replace existing equipment that will be sold for $188,400. The new equipment is expected to have a $220,000 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 33,900 units annually at a sales price of $27 per unit. Those units will have a variable cost of $15 per unit. The company will also incur an additional $92,600 in annual fixed costs. Click here to view the factor table. Calculate the present value of each cash flow assuming an 5% discount rate, (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to 0 decimal place, e.8. 58,971. Enter negative amounts using a negative sign preceding the number e.g. 58,971 or parentheses e.g. (58.971).1