Lukow Products is investigating the purchase of a piece of automated equipment that will save $400,000 each year in direct labor and inventory carrying costs. This equipment costs $2,500,000 and is expected to have a 15year useful life with no salvage value. The company's required rate of return is 20% on all equipment purchases. Management anticipates that this equipment will provide intangible benefits such as greater flexibility and higherquality output that will result in additional future cash inows. l[Slick here to view Exhibit 781 and Exhibit 782, to determine the appropriate discount factoris] using table. Required: 1- What is the net present value of the piece of equipment before considering its intangible benefits? [Enter negative amounts with a minus sign.} 2. What minimum dollar value per year must be provided by the equipment's intangible benets to justify the $2,500,000 investment? [Do not round intermediate calculations. Round your answers to the nearest Iwhole dollar amountJ