Lukow 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 $940,000 and is expected to have a 7 year useful life with no salvage value. The company's required rate of return is 14% on all equipment purchases. Management anticipotes that this equipment will provide intangible benefits such as greater flexiblity and higher-quality output that will result in additional future cash infiows. Click here to view Exhibit 148-1 and Exhibit 148-2, to determine the appropriate discount factor(s) using table. Required: 1. What is the net present value of the plece of equipment before considering its intanglble 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 $940,000 investment? (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.)