Newport 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 $200,000. The equipment will have an initial cost of $900.000 and have a year . There is no savage value for the equipment. If the hurdle rates what is the approximate net present value? Ignore income taxes Future Value of $1. Present Value of 51. Future Value Andulty of 51. Present Value Annuity.of. 51 (Use appropriate factor from the PV tables. Round your final answer to the nearest donc amount 5924580 O $24.580 $300.000 O $900.000