Joseph Communications Inc., is considering the purchase of a new piece of computerized data transmission equipment. Estimated annual net cash inflows for the new equipment are $575,000. The equipment costs 2 million, it has a five-year life, and it will have no residual value at the end of the five years. The company has a minimum rate of return of 12%. Required: Compute the Net Present Value of the piece of equipment. Should the company purchase it?