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 fax of $54,000. The equipment will have an initial cost of $505,000 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 Annuity of $1. Present Value Annuity 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.) Net Present Value 5. What would the net present value be with a 15% hurdle rate? (Do not round intermediate calculations and round your final answer o the nearest dollar amount.) Wet Present Value