Howard Smith Clocks makes fine furniture clocks. Howard Smith is thinking of purchasing a new piece of equipment to manufacture the clocks. The cost savings from the equipment would result in an annual increase in net income after tax of $169,400. The equipment will have an initial cost of $605,000 and have a 5-year life. If the salvage value of the equipment is estimated to be $17,000, what is the annual net cash flow? Multiple Choice O $152,400 O $51,800 O $287,000 O $186,400