Products is investigating the purchase of a piece of automated equipment that vwill save $120,000 each year in direct labor and inventory carrying costs. This equipment costs $710,000 and is expected to have a 7-year useful life with no salvage value. The company's required rate of return is 9% on all equipment purchases. Management anticipates that this equipment wa pr intangible benefits such as greater flexibility and higher-quality output that will result in additional future Click here to view Exhibit 138-1 and Exhibit 138-2, to determine the appropriate discount factor(s) using ta Required 1. What is the net present value of the piece of equipment before considering its intangible benefits? (Enter negative amount with a dollar value per year must be provided by the equipment's intangible benefits to justify the $710,000 investment? minus sign. Round your final answer to the nearest whole dollar amount.) Answer is complete but not entirely correct. 1. Net present value 2. (106,040) 41,069 Minimum dollar value