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 $40160. The equipment will have an initial cost of $138790 and have a 5 -year life. The salvage value of the equipment is estimated to be $16500. Factors to use for n=5.1=10% (DO NOT USEANY OTHER FACTORS OR EQUATIONS) If the hurdle rate is 10%, what is the approximate net present value? Ignore income taxes