Help Save & Exit Su Palmer Corp. is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in net income after tax of $197,000. The equipment will have an initial cost of $435,000 and have a 8 year life. If the salvage value of the equipment is estimated to be $79,000, what is the payback period? Multiple Choice O 1.80 years 2.21 years 2.96 years O 8.00 years Help Save & Exit Submit Newport Corp. is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in cash flow of $204,000. The equipment will have an initial cost of $986,000 and have a 6-year life. There is no salvage value for the equipment. If the hurdle rate is 7%, what is the approximate net present value? Ignore income taxes. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) (Use appropriate factor from the PV tables. Round your final answer to the nearest dollar amount.) Multiple Choice Positive $328,667 Positive $13,634 Zero O Negative $13,634 MacBook All