TB MC Qu. 1158 (Algo) Newport Corporation is considering the purchase of... Newport Corporation is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in net cash flow of $200,000. The equipment will have an initial cost of $945,000 and a 6 -year life with no salvage value. If the company's cost of capital is 8%, what is the net present value? (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1 ) Note: Use appropriate factor from the PV tables. Round your final answer to the nearest dollar amount. Multiple Choice $20,420 $315,000 $(20,420) $0