Question 13 (1 point) New equipment costs $700,000 and is expected to last for four years with no salvage value. During this time, the company will use a 30% CCA rate. The new equipment will save $550,000 annually before taxes. If the company's required rate of return is 15% and the tax rate is 35%, what is the NPV of the purchase? $473,336 $461,112 $497,668 $485,550 $450,005