Lukow Products is investigating the purchase of a piece of automated equipment that will save $100,000 each year in direct labor and inventory carrying costs. This equipment costs $750,000 and is expected to have a 7 -year useful life with no salvage value. The company's required rate of return is 7% on all equipment purchases. Management anticipates that this equipment will provide intangible benefits such as greater flexibility and higher-quality output that will result in additional future cash inflows. Click here to view Exhibit 148-1 and Exhibit 148-2, to determine the appropriate discount factor(5) using table. Required: 1. What is the net present value of the piece of equipment before considering its intangible benefits? (Enter negative amount with a 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 $750,000 investment? (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) EXIIIBTT 14B1 Present Value of 51;(1+r)n1 HIBIT 14B2 resent Value of an Ananity of S1 in Arrears; r1[1(1+r)n1]