Morales Company is planning to invest in high-tech equlpment costing $580,000, which has a usefut life of 6 years and a $40,000 salvage valuo. The imrestment is expected to produce net cash (after taves) operating savings of $120,000 per year. A repair of $10,000 is anticipated at the end of 2 years. The corporate salaries ace $55,000. The company uses straight-line depreciation. The desired rate of retum is 10%. Requirements 8. What is the net present vatue it the cost of capital is 10% ? b. Should the machine be purchased? yien the oresent valoe of $1 foctor table. Vew the present yalue of ordinary annuity of \$t fackar table. Requirement a. What is the net present value if the cost of capital is t0\%? Complete the table below to dotermine the net present value. (Enter a cash outfiow andice a negative net prosent value with a mirus align of parentheses. Enitor an tactors to three decimal placet Xx, and round all not present value amounts to the nearest whole dolas,)