Newport Corp. is consideling the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual inciease in cath flow of $201,000. The equipment will have an intial cost of $945,000 and thave a 6 year life. There is no salvage value for the equipment. If the hurdle rate is 8%, what is the approximate net present value? lgnore income taxes, (Furure Value of \$1, Present Volue of 51. Future Volue Annuity of \$1. Present Volue Annulty of S1.) (Use oppropriate foctor from the PV tables. Round your final answer to the nearest dollar omount.) Muliple Choice. Positne 515797 Ponawe s315,000 Zero Nogabve 515797 Newport Corp. is consideling the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual inciease in cath flow of $201,000. The equipment will have an intial cost of $945,000 and thave a 6 year life. There is no salvage value for the equipment. If the hurdle rate is 8%, what is the approximate net present value? lgnore income taxes, (Furure Value of \$1, Present Volue of 51. Future Volue Annuity of \$1. Present Volue Annulty of S1.) (Use oppropriate foctor from the PV tables. Round your final answer to the nearest dollar omount.) Muliple Choice. Positne 515797 Ponawe s315,000 Zero Nogabve 515797