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Lukow Products is investigating the purchase of a plece of automated equipment that wil save $140,000 each year in direct labor and inventory carrying costs. This equipment costs $790,000 and is expected to have a 7 -year useful life with no salvage value. The company's requited rate of return is 11% on all equipment purchases. Management anticipates that this equipment will provide intangible benefits such as greater flexibility and higher-quality output that wil result in additional future cash inflows Click here to view Exhibit 148-1 and Exhibit 148-2, to determine the approprate discount factor(s) using table. Required: 1. What is the net present value of the piece of equipment before considering its intangibie benefits? (Enter negative amount with a minus sign. Round your final answer to the nearest whole dollar amount.) 2 What minimum dollar value per year must be provided by the equipment's intangible benefits to justify the $790,000 investment? (Do not round intermedlote calculations. Round your answer to the nearest whole dollar amount.) EXIIBIT 14B-1 Present Valae or 51;(1+r)1 Present Value of an Annuity of 51 in Arrears; r1[1(1+r)n1