Lukow Products is Investigating the purchase of a plece of automated equipment 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 roturn is 11% on all equipment purchases. Management anticipates that this equipment will provide intangible benefits such as greater flexibllity and higher-quality output that will result in additional future cash inflows. Click here to view Exblibit12.8.1 and Exbibit 12B.2. to determine the appropriate discount factor(5) 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 $830,000 imvestment? (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) XHIIBT 12B-1 resent Valoe or $1:(1+r)21 HIIBIT 12B2