Newport Corporation is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annul increase in net cash flow of $$205,000.$ The equipment will have an initial cost of $$966,000$ and a $6-$year life with no salvage value. If the company's cost of capital is $8\%,$ what is the net present value? $($Future Value of $$1,$ Present Value of $$1,$ Future Value Annuity of $$1,$ Present Value Annuity of $$1)$

Note: Use appropriate factor from the PV tables. Round your final answer to the nearest dollar amount.

Multiple Choice

$$322,000$

$$(18,306)$

$$18,306$

$$0$