Newport Corp. is considering the purchase of a new plece of equipment. The cost savings from the equipment would result in an annual increase in cash flow of $202,000. The equipment will have an initial cost of $850,000 and have a 6-year life. There is no salvage value for the equipment. If the hurdle rate is 9%, what is the approximate net present value? Ignore Income taxes. Future Value of $1. Present Value of $1. Future Value Annulty of $1. Present Value Annulty of $1.) (Use appropriate factor from the PV tables. Round your final answer to the nearest dollar amount.) Multiple Choice 5283,333 $56,152 $906,152 O $850,000