Max 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 $48590. The equipment will have an initial cost of $165900 and have a 5-year life. The salvage value of the equipment is estimated to be $19300. Factors to use for n=5, 1 =10% (DO NOT USE ANY OTHER FACTORS OR EQUATIONS) Present Value of an Annuity of $1 Present Value of $1 3.7908 0.6209 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.

Max Corp, is considering the purchase of a new plece of equipment. The cost savings from the equipment would rewuth in an annual increase in cash flow of $48590. The equipment will have an inlital cost of $165900 and have a 5 -year life, The salvage value of the equipment is estimated to be 519300 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 \begin{tabular}{ll} Future Vilue of an Annuity of $1 & 6.1051 \\ \hline \end{tabular} Future Value of \$1 1.6105 If the hurdle rale is 10%, what is the approximate net present value? lgnore income taxes