Multiple choice

A. $214,000

B. $130,000

C. $(5467)

D. $55,321

Byron 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 $130,000. The equipment will have an initial cost of $475,000 and have a 5 year life. The salvage value of the equipment is estimated to be $84,000. If the hurdle rate is 11%, what is the approximate net present value? Ignore income taxes.( 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. Round your final answer to the nearest dollar amount.)