Haworth Company is considering the purchase of a labor-saving piece of equipment with the following information: Purchase cost of equipment Annual cost savings, excluding depreciation (end of year) Terminal salvage value Useful life of equipment Required rate of return $432,000 $90,000 0 12 years 10% 6.8137 Present value of ordinary annuity of one at 10% for 12 periods What is the net present value of the equipment? Should Haworth purchase the quipment?