Lukow Products is investigating the purchase of automated equipment that will save $120,000 each year in direct 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 expects this equipment to provide intangible benefits such as greater flexibility and hiqher-quality output that will increase future cash inflows. Click here to view and to determine the appropriate discount factor(s) using table. Required: 1. What is the net present value of the piece of equipment before considering its intangible benefits? Note: 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 $910,000 investment? Note: Do not round intermediate calculations. Round your answer to the nearest whole dollar amount. (1+r)n1 EXHIBIT 14B-2 Present Value of an Annuity of $1 in Arrears; r1[1(1+r)n1]