Lukow Products is investigating the purchase of a piece of automated equipment that will save $120,000 each year in clirect labor and inventory carrying costs. This equipment costs $910,000 and is expected to have a 11 -year useful life with no salvage value. The company's required rate of return is 10% on all equipment purchases. Management anticipates that this equipment will provide intangible benefits such as greater fexibility and higher-quality output that will result in additional future cash inflows. Click here to view Exhibiz 781 and Exhibit 782 to determine the appropriate discount factor(s) using tabie Required: 1. What is the net present value of the plece of equipment before considering its intangible benefits? Note: Enter negative omount with a minus sign. Round your final answer to the nearest whole dollor omount. 2. What minimum dollar value per year must be provided by the equipment's intangibie benefits to justify the 5910,000 investment? Note: Do not round intermediate calculations. Round your answer to the neorest whole dollor omount