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 $205,000. The equipment will have an initial cost of $974,000 and have 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? Ignore income taxes. (Future Value of $1. Present Value of $1. Future Value Annuity of St. Present Value Annuity of $1.) (Use appropriate factor from the PV tables. Round your final answer to the nearest dollar amount.) Multiple Choice Zero Positive 526,300 Positive $324,667 Negative $25,306 Lawrence Corp. is considering the purchase of a new plece of equipment. When discounted at a hurdle rate of 14%, the project has a net present value of $24,600. When discounted at a hurdle rate of 19%, the project has a net present value of ($28,990). The internal rate of return of the project is Multiple Choice O zero o greater than 19% o between 14% and 19% between zero and 14%