(Ignore income taxes in this problem.) Your Company's cost of capital is 3%, It is contemplating the purchase of equipment to replace equipment that it is currently leasing. The useful life of the equipment is six years. What is the net present value of purchasing the equipment? Cost of equipment Current lease payments Working capital needed Repair end of year 2 Repair end of year 5 Salvage value $575,000 $95.000 $50,000 $10,000 $17,600 $125,000 $22,292 ($30,379) O $11,471 $10,863 514,603