Sed Help Save & Ext Grady Corp. is considering the purchase of a new plece of equipment. The equipment costs $50,800, and will have a salvage value of $5,160 after nine years. Using the new plece of equipment will increase Grady's annual cash flows by $6.130. Grady has a hurdle rate of 139 (Future Value of $1. Present Value of $1. Euture Value Annuity of St. Present Value Annuity of $1 (Use appropriate factor from the PV tables.) a. What is the present value of the increase in annual cash flows? (Round your answer to 2 decimal places.) b. What is the present value of the salvage value? (Round your answer to 2 decimal places.) c. What is the net present value of the equipment purchase? (Negative value should be indicated by a minus sign. Round your Intermediate calculation and final answer to 2 decimal places) Tieten d. Based on financial foctors, should Grady purchase the equipment? Yes NO