Newport Corporation is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase net cash flow of $203,000. The equipment will have an inlial cost of $908,000 and a 6 -year useful life with no salvage value. If the company's cost of apital is 8%, what is the net present value? (Future Value of $1. Present Value of $1. Future Value Annulty of $1. Present Value Annuity of $1. . lote: Use the appropriate factor from the PV tables. Multiple Choice 5302.667 $30,449 $938,449 5908,000