kow Products is investigating the purchase of a plece of automated equipment that will save $150,000 each year in direct labor and inventory carrying costs. This equipment costs $740,000 and is expected to have a 5-year useful life with no salvage value. The companys required rate of return is 12% on all equipment purchases Management anticipates that this equipment will provide intangible benefits such as greater flexiblity and higher-quality output that will result in additional future cash inflows Click here to view Exhibit 13B.1 and Exhibit 13B-2 to determine the appropriate discount factorts) using table Required: 1 What is the net present value of the piece of equipment minus sign. Round your final answer to the nearest whole dollar amount.) 2 What minimum dollar value per year must be provided by the equipment's intangible benefits to justify the $740,000 investment? its intangible benefits? (Enter negative amount with a 1. Net present value 2 Minimum dollar value