Lukow Products is investigating the purchase of a piece of automated $quipment$ that will save $$120,000$ each year in direct labor and inventory carrying costs. This equipment costs $$830,000$ and is expected to have a $8$ year useful life with no salvage value. The company's required rate of return is $11\%$ 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 $14$B$-1$ and Exhibit $14$B$-2,$ to determine the appropriate discount factor$($s$)$ using table.

Required:

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.$)$

What minimum dollar value per year must be provided by the equipment's intangible benefits to justify the $$830,000$ investment?

$($Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.$)$

$\backslash$table$[[1.$ Net present value,$$,(212,465)$