Lukow Products is investigating the purchase of automated equipment that will save $$120,000$ each year in direct labor and inventory carrying costs. This equipment costs $$770,000$ and is expected to have a $5-$year useful life with no salvage value. The company$$s required rate of return is $9\%$ on all equipment purchases. Management expects this equipment to provide intangible benefits such as greater flexibility and higher$-$quality output that will increase future cash inflows.

Click here to view Exhibit $14$B$-1$ and Exhibit $14$B$-2,$ to determine the appropriate discount factor$($s$)$ using table.

Required:

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.

What minimum dollar value per year must be provided by the equipment$$s intangible benefits to justify the $$770,000$ investment?

Note: Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.