Malone Corp. is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in cash flow of $26,130. The equipment will have an initial cost of $151,410 and have a 5-year life. The salvage value of the equipment is estimated to be $24,190. Factors to use for n=5, 1 =10% (DO NOT USE ANY OTHER FACTORS OR EQUATIONS) Present Value of an Annuity of $1 3.7908 Present Value of $1 .62090 Future Value of an Annuity of $1 6.1051 Future Value of $1 1.6105 If the hurdle rate is 10%, what is the approximate net present value? Ignore income taxes