Metro Industries is considering the purchase of new equipment costing $996,000 to replace existing equipment that will be sold $149, 400. The new equipment is expected to have a $166,000 salvage value at the end of its 3-year life. During the period of its use, the equipment will allow the company to produce and sell an additional 24, 900 units annually at a sales price of $17 per unit. Those units will have a variable cost of $10 per unit. The company will also incur an additional $74, 700 in annual fixed costs. (a) Calculate the net present value of the proposed equipment purchase. Assume that Metro uses a 10% discount rate. (For calculation purchases, use 4 decimal places as displayed in the factor table provided and round final answer to 0 decimal place, e.g. 58, 971. Enter negative amount using a negative sign preceding the number for e.g. -59, 992 or parentheses e.g. (59, 992).) (b) Do you recommend that Metro Industries invest in the new equipment? No