Mindy Corp. is considering the purchase of a new plece of equipment. The cost savings from the equipment would result in an annual Increase in net income after tax of $51100. The equipment will have an initial cost of $502,000 and have an 8-year life. The equipment has no salvage value. The hurdle rate is 11%. (Future Value of $1. Present Value of $1. Future Value Annulty of $1. Present Value Annulty of $1.) (Use appropriate factor from the PV tables.) a. What is the net present value? (Negative amounts should be indicated by a minus sign. Do not round Intermediate calculations and round your final answer to the nearest dollar amount.) b. What would the net present value be with a 14% hurdle rate? (Do not round Intermediate calculations and round your final answer to the nearest dollar amount.) Nel Pau