Red River Corporation is considering the purchase of new equpment costing $5005500 The expected tife of the equpment is 10 years. If is expected that the new equphent can gecocate an increase in net income of $60,000 per year for the next 10 years. The probatrititics for the increase in net income depend on the stafe of the econotry. The equipment can be amortized using straight-line amortization for tax purposes. Red River's cost of capital is 14%. What is the expected NPV? Should they purchase the new equipment